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The end of oil-indexed LNG pricing-I: Divergence between oil and gas price will be the catalyst.  The end of oil-indexed LNG pricing-II: Why can't India promote a pricing hub too?.   Phos acid expansion project: Contractor selection likely in August, 2016.  Download Reports, Tenders and Newsclips.  India's energy security lies in gas hydrates found in KG Basin-I: It has the world's best accumulation of reserves.  India's energy security lies in gas hydrates found in KG Basin-II: Production sooner than later.  Download Reports, Tenders and Newsclips.  Download Reports, Tenders and Newsclips.  Rs 1500 crore Ammonium phosphate unit: Capital approval awaited.  Rs 31 crore greenfield Technical pesticide unit: Details.  Download Reports, Tenders and Newsclips.  Grim projections on the LNG market-I: Demand crisis right until 2030.  Grim projections on the LNG market-II: Australian East Coast LNG a dead loss.  Raniganj CBM production fails to gain momentum: Matix plant remains idle.  Gas consumption jumps: LNG gains.  Download Reports, Tenders and Newsclips.  Allure of spot cargoes-I: The fight will get bloodier.  Allure of spot cargoes-II: Long term and short term gas prices will have to converge.  30 crore Technical pesticide unit: Contractor selection on.  Rs 35 crore SSP greenfield project: Looking for a contractor.  
The end of oil-indexed LNG pricing-I: Divergence between oil and gas price will be the catalyst
May 27: It looks like the world is slowly by inexorably moving away from oil-indexed pricing of gas.
8The US shale gas revolution led to a sharp drop production cost and there are now projections of a widening gap between oil and gas prices.
8Data available with this website shows that prices of crude and oil overlapped (in $/mmbtu) before the shale revolution but diverged terribly between 2008 and 2014 during the time of the revolution.
8Future outlook for crude and oil price projected up to 2040 shows the price of crude and gas diverging by a very wide margin.
8These projections have now galvanized countries such as Japan, who were grossly dependent on oil indexed pricing, to move towards a hub based pricing mechanism.
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The end of oil-indexed LNG pricing-II: Why can't India promote a pricing hub too?
May 27: There is already competition building up among Japan, China, Singapore and even Korea to develop their own hubs for trading of LNG. Each country hopes that its hub will set the price benchmark for the entire region.
8Should India throw in its hat too to become a pricing hub for the region?
8This website believes it should.
8The reason why India stands a chance is because in the future it is the only country in Asia where LNG volumes are likely to go up very significantly.
8In comparison, LNG volumes will decline in Japan and Korea, whereas demand is likely to remain tepid in China because of a slowdown in its economic growth and large pipeline gas supplies.
8It is not improbable for India to emerge as the biggest destination of LNG in Asia in the years ahead.
8Then again, geographically, it is well located from the main supply centers in Asia and Australia.
8A highly price sensitive Indian market fosters competitive acquisition of LNG.
8Reforms in the gas sector will all help bring about more transparency in the market.
8Indian companies, such as GAIL, are already sharpening their skills in the global trade for LNG. Forced by its inability to sell its 5.8 million tonnes of American LNG contracts to a captive market in India, this gas giant will grow up to become an international trading conglomerate.
8In this context, the Indian government must aim big and attempt to look at converting India into an Asian pricing hub by the mid 2020s.
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 Phos acid expansion project: Contractor selection likely in August, 2016
May 27: An existing company is planning to embark on a Rs 225 crore debotttlenecking and modification exercise to push its LP and NPK capacity from the existing 3000 MTPD to 3900 MTPD.
The exercise involves:
8Enhancing phosphoric acid plant production capacity from 700 to 1000 MTPD P2O5 involving the evaporation section and flourine recovery unit
8De-bottlenecking the existing sulphuric acid plant from 1400 MTPD to 1700 MTPD
8De-bottlenecking the sulphuric acid plant from 300 MTPD to 400 MTPD
8Installation of a 40 MTPH coal fired boiler to meet additional steam requirement
8Installation of  a 5 MW back pressure turbine to maximize the efficiency of steam utilization
8Installation of a fresh P2O5 storage facility
8Installation of a 400 MTPD evaporation system for phosphoric acid including a florine recovery system.
 Following are the highlights:
8Prefeasibility report has been completed
8Proposal of term of reference accepted in April, 2016
Contractor selection is likely in August
  Details
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May 27: For reference purposes the website carries here the following tenders:
8Hauling Phosphoric Acid from Phosphoric Acid Terminal, Chennai [MFL]  Details

8Procurement of Metal Tube Rota Meter with Hart Transmitter [MFL]  Details
8Identification and rectification of tube sheet leakages of RG Boiler in Ammonia-II Plant, Namrup [BVFCL]  Details
8Supply of Globe Valves, Namrup [BVFCL] Details
You can also click on Tenders for more

For reference purposes the website carries here the following reports:
8G.R. Engineering Private Limited: An Analysis Details
8Concession Rates of Decontrolled Fertilizers [May 2016]  Details 

8Agrometeorological Advisory Bulletin [Karnataka]  Details 
8Effects of crop variety and fertilizer application rates on productivity: A Paper  Details 
8Monthly Market Outlook Report [May 2016] Details
8Zuari Agro Chemicals Limited: An Analysis Details

You can also click on Reports for more
For reference purposes the website carries here the following Newsclips: 
8Government approves capital goods sector policy  Details 
8Haryana takes steps to meet demand for kharif crops Details 
8IFFCO: Historic decision on fertilizer price announced Details
8Drought cripples farm sector Details 
8‘GST will help in removing distortions in agri market’ Details
You can also click on Newsclips for more 
India's energy security lies in gas hydrates found in KG Basin-I: It has the world's best accumulation of reserves
May 26: It is now known that India had conducted two successful gas hydrate expeditions -- one in 2006 and another in 2015 -- in the deep waters of India's East Coast.
8The true magnitude of what was found by the second expedition has not be fully understood yet except for wildly varying estimates of reserves (of between 300 to 1000 tcf).
8The point to note is that it was high technology job involving Indian, Japanese and US agencies.
8And the achievements were remarkable: The deepwter surveys -- through closely spaced LWD and core holes -- were intense enough to throw up some of the most comprehensive three-dimensional petrophysical-based views of any known gas hydrate reservoir system in the world.
8What is more, the expedition has established that the KG Basin has world-class gas hydrate accumulations and they represent ideal sites future gas hydrate production testing.
8One of the holes drilled by the expedition penetrated a 50-m-thick interval of what appears to be a sand-rich channel-levee deposit with high gas hydrate saturations.
8This was one of the largest such deposits found so far in the world.
Click here for more information.
India's energy security lies in gas hydrates found in KG Basin-II: Production sooner than later
May 26: There are now realistic estimates that gas hydrate production will be a reality before 2050.
8In fact the projection is that gas hydrate will go into commercial use sooner than later and it will be as much of a disruption as shale oil and gas has been.
8International oil major, BP, says that gas hydrates represent an enormous recoverable resource at least of the order of shale gas. 
8Gas hydrate resources are global and Asian economies such as India that are heavily dependent on imported energy are making gas hydrate recovery a strategic imperative. 
8By 2050 gas hydrate recovery may account for 5% or more of all global gas production, if public and private sector initiatives develop safe and cost-effective extraction technologies based on depressurization, thermal stimulation and chemical or gas injection.
8India will be in a good position to tap gas hydrates because they are found in abundance and the country has been at the forefront of gas hydrate research.
Click here for more information.
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May 26: For reference purposes the website carries here the following tenders:
8Up-keeping of Expansion Plants for the year 2016-17 [NFL]  Details

8Supply of three operators for operation of different earthmoving equipments, Namrup [BVFCL]  Details
You can also click on Tenders for more

For reference purposes the website carries here the following reports:
8Crop Input Market Report of Agrium [May 2016] Details
8Agrometeorological Advisory Bulletin [Madhya Pradesh]  Details 

8Agrometeorological Advisory Bulletin [Himachal Pradesh]  Details 
8Indian Potash Limited: An Analysis  Details 
8Lower Nitrogen prices reflect seasonal trend [American Fertilizer Weekly]  Details
8New Initiatives and Efforts of Ministry of Environment, Forest & Climate Change [2014-16] Details

You can also click on Reports for more
For reference purposes the website carries here the following Newsclips: 
8Financial restructuring of Hindustan Fertilizer Corporation Limited for faster revival of Barauni Unit  Details 
8'Gift to farmers': IFFCO slashes price of DAP, NPK fertilizers by Rs 1000 Details 
8Govt waives over Rs 9,000-cr loans of HFCL Details
8FACT set to launch new barge soon Details
8Prolonged shutdown to have bearing on availability of urea in Karnataka Details
You can also click on Newsclips for more
Download Reports, Tenders and Newsclips
May 25: For reference purposes the website carries here the following tenders:
8Appointment of Cost Auditor for the financial year 2016-17 & 2017-18 [NFL]  Details

8Opening and boxing up of Ammonia condenser of Process Refrigeration Compressor in Ammonia-III plant, Namrup [BVFCL]  Details
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For reference purposes the website carries here the following reports:
8Audited Annual Accounts for the financial year 2015-16 [NFL] Details
8India commits huge investment in Chabahar: A Report  Details 

8MRP and subsidy rates of urea [DOF]  Details 
8Corporate Presentation of Aditya Birla Nuvo Limited [2016]  Details 
8PDIL makes a mockery of pre-feasibility reports on Sindri and Gorakpur units Details

You can also click on Reports for more
For reference purposes the website carries here the following Newsclips: 
8After industry outcry, India puts GM seed order on hold Details 
8Decline in financial costs led to a profitable quarter: NFL Details 
8Iran's Chabahar has investment potential of Rs 1.3 lakh crore for India Details
8Chabahar takeoff Details
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Rs 1500 crore Ammonium phosphate unit: Capital approval awaited
May 24: An existing company is planning to set up a green field Ammonium Phosphate (550,000 TPA ) cum Phosphoric acid (300,000 TPD ) complex in India. 
8Environment clearance application is likely in August, 2016 and RFQs subsequently.
8Capital approval however is till pending for the project.
8Environment clearance application is likely in August, 2016 and RFQs subsequently.
8The projected investment cost is Rs 1500 crore.
8A total power requirement of 27 MW will be sourced from the state grid through the Ajmer Vidyut Vitaran Nigam Limited (AVVNL), Rajasthan . 
8The company will also have two DG sets with capacity of 2500 KVA each.
8The primary raw materials for the proposed project are Sulphuric Acid, Rock Phosphate and Ammonia. 
Following are the current highlights:
8Land preparation is over.
8Pre feasibility Report is completed.
Click on Details for company details
  Details
Rs 31 crore greenfield Technical pesticide unit: Details
May 24: A new company is planning to set up a green field project Technical Pesticide with capacity 3550 MTPA in India.
8The total project investment cost is around 31 crore.
8The power requirement is about 653 KVA, which will be sourced from State Electricity Board.
8The company will also instal 2 DG sets with a capacity 400 KVA each
8The requirement of water and land is about 97 KLPD and 38,427 square meter respectively.
8The fuel requirement is about 200 litre of HSD per Day, 200 litre of Light Diesel Oil Per Day, 5.6 tonne per day of agro waste
Following are the highlights:
8Prefeasibility report is completed
8Capital approval is underway
8Contractor selection is underway
Click on Details for more
  Details
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May 24: For reference purposes the website carries here the following tenders:
8Rate Contract for CHA services and transportation of Industrial Chemicals [DFPCL]  Details

8Export of Manganese Ore Fines of Indian Origin [MMTC]  Details
8Civil works at Urea Prilling tower in Urea Plant, Trombay [RCFL]  Details
8Rectification of hot solution leakage in Solution Cooler and other miscellaneous jobs in Ammonia-II Plant [BVFCL]  Details
You can also click on Tenders for more

For reference purposes the website carries here the following reports:
8Termination of Proposed Combination of CF Industries with OCI’s European, North American and Global Distribution Businesses [Press Release] Details
8Agrometeorological Advisory Bulletin [Madhya Pradesh]  Details 

8Shree Pushkar Chemicals and Fertilisers Limited: An Analysis  Details 
8Presentation on First Quarter Results of Aditya Birla Nuvo Limited [2016]  Details 
8Full report of Urea sales [May 2016]  Details
8Profile of Organic Fertilizer Industries: A Paper  Details
8Efficient Waste Management Practices: A Review Details

You can also click on Reports for more
For reference purposes the website carries here the following Newsclips: 
8Prime Minister Narendra Modi inks 12 deals with Iran  Details 
8India to invest 1 lakh crore in Iran so that it can enter Central Asia without stepping into Pakistan Details 
8India signs Chabahar port deal with Iran Details
8A glance at signed MoU between Iran and India Details
8KMC to use bioculture for decomposing fresh waste Details
8‘Ensure supply of fertilizer in Yadgir district’ Details
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Grim projections on the LNG market-I: Demand crisis right until 2030
May 23: No other country has a grimmer projection about the future of the LNG market than Australia.
8One reason for it is that a new set of high cost LNG liquefaction terminals are coming on stream but without a market to cater to.
8New projections now claim that the market will face a serious demand crisis, particularly in Asia which is Australia's biggest market.
8The crisis may continue well up to the year 2030.
8These estimates are more pessimistic than the report released by the Chief Economist of the Australian government, which said that the market would remain tough up to 2030.
8While there will be a glut of LNG in the market, the demand estimates will be lower than what the Chief Economist had assumed because of unexpected shrinkage of the LNG market in Japan and Korea.
8Conditions for LNG producers have become far more competitive and difficult and will likely remain so up to 2030, the report concludes.
Click here for more information.
Grim projections on the LNG market-II: Australian East Coast LNG a dead loss
May 23: LNG supplies out of the East Cost of Australia is a dead loss even before the gas goes into liquefaction
8Latest data shows that East Coast gas production cost lies between A$5.50/mmbtu and A$6.00/mmbtu at the well head. Converting this at the current exchange rate of $0.76 gives production costs of US$4.18-4.56/mmbtu.
8Added to this is the cost of piping of gas to the $ 70 billion Gladstone LNG facility in the East Coast.
8This cost adds a further by A$0.96 /mmbtu or US$0.73/mmbtu. There are gas fields further away from the terminal and piping cost will be higher from there.
8Total costs for East Coast gas are therefore around US$4.91/mmbtu to US$5.29/mmbtu prior to liquefaction and shipping.
8These costs compare to a current US Henry Hub price of under US$2/mmbtu after the gas is piped to the Hub.
8The inescapable conclusion is that Australian East Coast gas is high cost gas by any yardstick.
8This massive Australian investment is likely to become a stranded asset.
Click here for more information.
Raniganj CBM production fails to gain momentum: Matix plant remains idle
May 23: CBM production seems to be showing no signs of taking off so far.
8The prognosticated CBM reserves from existing discoveries have been pegged at 9 TCF but it still a moot point when output from these blocks is going to pick up speed.
8Total commercial production of CBM in April was a little more 1 mmscmd
8Production no doubt has gone up from around 29 mmscmd in April last year to 37 mmscmd in April, 2016 but this rise in output is not really very eye catching given that the potential is much higher.
8Bulk of the production ramp up is from Essar's Raniganj field but supply is clearly not enough to support the Rs 6000 crore Matix fertilizer plant which was built to be fed on gas from the field.
8A fertilizer plant needs a gas supply of 2.4 mmscmd to run at full capacity and what Raniganj is being able to achieve is significantly below this level.
8There is a certain minimum gas requirement to start a standard sized urea-ammonia plant and unless that happens the Matix plant is going to be staying idle.
Click here for more information.
Gas consumption jumps: LNG gains
May 23: Natural gas consumption jumped 10.9% to 4543 msmcmd in April 2016 from 4051 mmscmd over the same month last year.
8Consumption has speeded up despite a 7% fall in gross domestic production, from 2671 mmscmd to 2488 mmscmd.
8The higher consumption was catered by increased LNG supply in April.
8LNG consumption is up from 4051 mmscmd in April, 2015 to 4,543 mmscmd in April, 2016.
8This means that India's import dependency has gone up, from 36% in April last year to 47% now.
8Pertinently, the higher consumption of gas is accounted for by a government sponsored enhancement in demand from the fertilizer and power sector.
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May 23: For reference purposes the website carries here the following tenders:
8Procurement of I/P Current to Pneumatic Converter, Chennai [RCFL]  Details

8Supply of Acetic Acid, Maharashtra [RCFL]  Details
8Supply of spares for Turbine Flow Meter, Maharashtra [RCFL]  Details
8ARC of miscellaneous Mechanical Maintenance Jobs for the year 2016-17, Bhatinda [NFL]  Details
You can also click on Tenders for more

For reference purposes the website carries here the following reports:
8Statement of Consolidated Audited results for the year ended 31st March 2016 [ABNL]  Details
8Latest Minimum support price for Kharif and Rabi Crops [2016] Details 

8Comparative Study of Synthetic Fertilizers: A Paper Details 
8The Fertilizer Industry: An Analysis Details 
8Agrometeorological Advisory Bulletin [Himachal Pradesh]   Details
8Concession Rates of Decontrolled Fertilizers [May 2016]  Details
8DCM Shriram Limited: An Analysis  Details

You can also click on Reports for more
For reference purposes the website carries here the following Newsclips: 
8Aditya Birla Nuvo declines after weak Q4 outcome  Details 
8MMTC contracts 6 lakh tonnes urea import for arrival next month Details 
8India’s Chabahar conundrum Details
You can also click on Newsclips for more
Allure of spot cargoes-I: The fight will get bloodier
May 20: The fight for the Indian market between spot and long term gas suppliers will get bloodier in the months ahead.
8A perusal of the break-up of  Petronet LNG's regasification capacity between long term, short term and third party usage shows that their share had been fluctuating wildly in the last one year.
8Third party regasification share started gaining  gained ground at Dahej in Q-2 2015-16, going up further in Q-3 but a cut in the long term LNG price by Qatar helped restore the share of long term gas in Q4 2015-16.
8The ruling RasGas price in Q-4 was $5/mmbtu
8Third party regas volumes were squeezed to a mere 27 tbtu in comparison to 109 tbtu of long term gas in Q-4, 2015-16.
8In Q-2, the situation was different, with third party share in the processing capacity at Dahej at 79 tbtu whereas the RasGas share was just 39 tbtu.
Click here for more information.
Allure of spot cargoes-II: Long term and short term gas prices will have to converge
May 20: Given that the Indian market is highly price sensitive, it will not be possible for a large price differential to exist between spot and long term gas in India for too long a period of time.
8The differential between the two is reported to be more than 15% currently and this should be a point of worry for RasGas.
8City gas distribution companies are already complaining loudly about their inability to compete with liquid fuels when it comes to soliciting business from Indian industry.
8Even through take or pay provisions are in vogue for long term gas, everyone knows by now that market share will be lost if the price is not right or the differential is too wide.
8The volume of long term gas will go down at Dahej and short term gas and third party gas share will go up if the differential persists.
8This the new reality that long term players must get used to in India.
Click here for more information.
30 crore Technical pesticide unit: Contractor selection on
May 20: A new company is planning to set up a green field Technical Pesticide project with a capacity 4700 MTPA in India.
8The total project investment cost is around 30 crore.
8The power requirement is about 1000 KVA, which will be sourced from the State Electricity Board.
8The company also proposes to install three DG Set with a capacity (380 KVA, 380 KVA&160 KVA) 
8The requirement of water and land is about 90 KLPD and 30,000 square meter respectively.
8The fuel requirement is about 750 Lt of High Speed Diesel, 200 Lt of Light Diesel Oil, 4.8 tonne per day of Agro waste and briquettes.
Following are the highlights:
8Prefeasibility Report is completed
8Capital approval is underway
8Contractor selection is underway
8
Terms of reference was granted in May, 2016
Click on Details for more
  Details
Rs 35 crore SSP greenfield project: Looking for a contractor
May 20: An existing company is actively looking for contractor for its green field SSP project (Powder/ Granular) with a capacity of 132,000 MTPA.
8The company has also applying to set up a  Phosphoric acid unit with a capacity of 19800 MTPA.
8The projected investment cost for the SSP unit is around 35 crore.
8The requirement of power is about 1492 KVA, which will be source from the State Electricity Board.
Following are the highlights:
8The requirement of land is about 18,000 square meter.
8Environment Impact Report has been completed.
8Contractors selection is underway
8Speaking to this website, company sources said that the proposal for environment clearance  is likely to be submitted in July or August, 2016
Click on Details for more
  Details

May 20: Rs 35 crore SSP greenfield project: Looking for a contractor  Details
May 19: Chasing a pipe dream: Modi must push for a feasibility study for a deepwater gas line from Iran  Details
May 19: Import parity price of urea notification  Details
May 19: Rs 1550 crore NPK plant: Environment clearance proposal to be submitted in August, 2016  Details
May 19:  Rs 250 crore Technical pesticide unit: Orders to be placed after environment clearance  Details
May 19: Download Reports, Tenders and Newsclips  Details
 
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