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According to the new market research report 'Power-to-gas Market is projected to reach USD 42 million by 2024 from an estimated USD 26 million in 2019, at a CAGR of 10.1% during the forecast period.' Effective utilization of renewable energy resources and integrated management of power and gas network are driving the growth of the global industry. The power-to-gas technology can be used in both the power and gas sectors. It enables the combination of power and gas infrastructures by converting the excess electricity through water electrolysis process and injecting the resulting hydrogen into the gas network. The integration of the power and gas sector has increased sharply because of the increase in the number of natural gas thermal power plants.

The shale gas industry has seen significant growth in the North American market changing the dynamics of natural gas trading in the region. The combination of horizontal drilling and hydraulic fracturing to extract gas from low permeability rock sources has presented a major new energy source, which has significantly reduced the need for natural gas imports to the US.

Prices of natural gas from fields of state-run ONGC and Oil India may be revised soon, Petroleum Secretary S. Sundereshan said in New Delhi on Monday.

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The Minister of Petroleum and Natural gas Dharmendra Pradhan said that his Ministry has taken up with the Government of Bangladesh for laying a pipeline carrying natural gas from Chittagong to Tripura to address the cooking gas shortage of the North East.

The price of compressed natural gas (CNG) is expected to rise by 20 percent but that of piped natural gas (PNG) will be unaffected with the cabinet doubling the rate at which natural gas is marketed by two state-owned exploration majors, it was announced on Wednesday.

Duke Energy Corp. said it will spend about $4.9 billion in cash to acquire Piedmont Natural Gas, as the electric utility tries to build on gas assets.

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Russia's natural gas exports in the first quarter of this year reached 52.1 billion cubic metres, a 120 percent increase year-on-year, the energy ministry said on Friday in Moscow.

The Supreme Court is expected to deliver Friday its much-awaited verdict on one of India's most high-profile legal battles between companies led by the two Ambani brothers, Mukesh and Anil, over natural gas supplies from the Krishna-Godavari basin.

Compressed Natural Gas (CNG) Market

Compressed Natural Gas (CNG) Market Size Worth $269.7 Billion By 2027 | CAGR: 12.8%: Polaris Market Research

Petrochemicals are substances manufactured from crude oil or natural gas. In the industrial economy, petrochemicals are quite important as the need for synthetic materials rises steadily; petrochemicals play a crucial role in the chemical sector. various goods that people use in day today life can be made using petrochemicals, including plastics, medicines, cosmetics, and furniture, appliances, and electronics, solar panels, and wind turbines. Hydrocarbons like butane, propane, and ethane, as well as other substances, are isolated from crude oil and natural gas liquids to create petrochemicals. The manufacture of petrochemicals requires naphtha, a mixture of volatile liquid hydrocarbons. More Info Please Visit:- https://reportsandinsights.com/sample-request/7136

Leviathan offshore gas field of Israel has inked a landmark agreement to supply natural gas to National Electric Power Co (NEPCO) of Jordan over 15 years, in a pact valued at $10 billion.

The Oil and Natural Gas Corporation (ONGC) has established a recoverable reserve of 40-45 Million Metric Standard Cubic Meter gas (MMSCM) in the wake of mas

The price of compressed natural gas (CNG), a cleaner transport fuel, was revised upwards by 50 paise per kg from Saturday by the sole distributing agency, Indraprastha Gas Limited.

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ISLAMABAD: Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said that Compressed Natural Gas (CNG) quota would be fixed on monthly basis for filling stations to address gas shortage issues.

Italy's largest energy company has said it will end its role as lead developer of a natural gas field in Iran after the US threatened to impose sanctions on it.

India has proposed fresh trilateral talks likely to be held in Tehran next month and is optimistic that the proposal on the Iran-Pakistan-India natural gas pipeline will be accepted.

Autorickshaw and taxi drivers Thursday collectively voiced their angst against the expected increase in the price of compressed natural gas (CNG) by 20 percent.