One of the most severe impacts has been at , where the destruction of two LNG trains has reduced capacity by around 17 per cent, or 12.8 million tonnes per year. Recovery could take up to five years, Rystad said, due to limited global supply of key gas turbines, which already face production backlogs of…
US President Donald Trump on Thursday claimed to have stopped eight wars, and said they would repeat the feat in Iran too. Trump, while delivering remarks at the NRCC Annual Fundraising Dinner, said that there has never been a head of a country who wanted that job less than being the head of…
Commercial LPG supplies have also been adjusted to ease pressure on household consumption. The government has restored 50 per cent allocation of commercial LPG to sectors such as restaurants, hotels, industrial canteens and food processing units, while prioritising hospitals, educational institutions and community kitchens. In addition, 48,000 kilolitres of kerosene have been allocated to states…
 A prolonged conflict in the region can be detrimental to the economy, placing pressure on inflation, exchange rate, trade and capital flows, the balance of payments, and the current account deficit, the ministry warned in its monthly economic review. Sectors like fertilisers and petrochemicals, dependent on LNG and crude whose prices have risen…