Page 155 - CW E-Magazine (14-5-2024)

For Your Regular Requirement of
• BENZYl BENZOATE Hydrocarbons
• BETA CAROTENE
• BISPhENOl A
• BlEAChINg POWDER RISING DEMAND
• BlEAChINg EARTh
• BORAX
• N-BUTANOl ‘India’s natural gas consumption to surpass 64-bcm
• SEC-BUTANOl
• ISOBUTANOl in 2024’
• TERT-BUTANOl
• BORIC ACID
• BROMINE Natural gas consumption in India The world’s fourth largest tor (up by more than 70 percent y-o-y)
• BUTYl ACETATE
• BUTYl BENZOATE is expected to grow by 7 percent y-o-y importer of liquefi ed natural gas and industry (up by over 15 percent
PLEASE CONTACT SUPPLIER: to 64.35-billion cubic metres (bcm) (LNG) consumed 66.63 BCM natural y-o-y), the agency noted.
CHOICE ORGANOCHEM LLP in the current calendar year aided by gas in FY24, compared to 59.97 BCM
G1/G2, Building No. B4, Ayodhya Kutir, lower prices and rising demand from and 64.16 BCM in FY23 and FY22, The lower spot price environment
Yashasvi Nagar, Balkum Road, Thane-400608, power and industrial sectors. respectively. led to a notable increase in overall
Maharashtra, India.
Phone: +91-40-23225550; +91-40-40202121 spot tenders for the purchase of LNG
Mobile: +91-96183 33877 According to the International Fertilisers followed by the power cargoes, with three to four times more
Email:cw@choiceorg.com
Energy Agency (IEA), India is expected sector, city gas distribution (CGD) tenders in winter 2023-24 than in the
to see an increase in LNG imports due and refi neries are top natural gas previous winter. These tenders also
Thioglycolic Acid 80%, 99% to the decline in spot LNG prices in consumers in the country. had a higher success rate, particularly
3-Mercaptopropionic Acid 99% 2024. However, this growth could be since October, 2023. With lower prices,
Potassium Thioglycolate tempered by the increase in domestic Growing consumption the improved competitiveness of
Lower natural gas prices continued gas in certain industries has driven a
Monoethanolamine Thioglycolate gas production from ONGC’s Krishna- to stimulate gas demand in India, greater appetite for LNG imports.
Godavari fi eld.
Diammonium Dithiodiglycolate with gas use in industry rising by an
Pentaerythritol-3-Mercaptopropionate “Following an announcement by impressive 15 percent y-o-y during India imported 30.92-bcm of LNG
Polythiols Prime Minister Narendra Modi in the October 2023-February 2024 in FY24, compared to 26.30-bcm
and 31.03-bcm in FY23 and FY22,
January, 2024, the $67-bn investment period, the IEA said.
Monothioglycerol 90, 98, NF plan for developing India’s natural respectively. Production in the last
Antioxidant for Polymers gas supply chain is set to maintain its According to the Petroleum Plan- fi nancial year stood at 35.72-bcm as
Thiodipropionic Acid momentum over the coming years. ning & Analysis Cell (PPAC), India’s against 33.66-bcm and 33.13-bcm in
2-Sulfoethyl Methacrylate India’s natural gas consumption in primary natural gas supply (including FY23 and FY22, respectively.
2024 is projected to increase by over 7 net domestic production and LNG
For best prices, please contact: percent,” the IEA said in its latest gas imports) increased by 16 percent y-o-y As of March, 2024, India’s total
SWAN ENTERPRISE market report. between October, 2023 and February, domestic piped natural gas (PNG)
Mob.: 07498166675 / 08291142569
Email: swanenterprise@gmail.com 2024. This strong growth in supply connections were 1.26-crore, while
During October 2023-February refl ects growing demand for natural industrial and commercial consumers
For your requirement oF 2024, India’s cumulative natural gas gas across all sectors, it added. stood at 18,500 and 40,940, respec-
PRIME LAND FOR SALE AT MAHAD MIDC Liquid broMiNE consumption rose by 17 percent y-o-y tively. The total number of com-
Virgin & Recovered to 28.12-bcm. In the 2023 calendar year, The increase in consumption was pressed natural gas stations stood at
Ø 9.6 Acres (384 Guntha) Excellent Location. PVC rEsiN (K-57, K-65-67) the consumption stood at 60.12-bcm. mainly driven by the oil refi ning sec- 6,456.
Please contact:
Ø Open Plot, Without Boundary Wall, As is where is basis. MANglEShWAR ChEMICAlS Government cuts windfall tax to Rs. 8,400 per tonne
Mumbai
Ø Temporary Electrical connection available. Mobile: +91 9004585240
mangleshwarchemicals@gmail.com The Government has revised the The new rates will be effective prices in the international market. India
Ø At Five Star MIDC Additional Industrial Area, Village windfall tax on domestically pro- May 1, the central board of Indirect fi rst imposed windfall profi t taxes on
Amshet. Maharashtra For Your Requirements of: duced crude oil to Rs. 8,400 per Taxes and Customs (CBIC) said in July 1, 2022, joining a host of nations
LIQ. AMMONIA SOLUTION - LR, AR, COM. GRAde metric tonne, down from Rs. 9,600 per notifi cation. that tax extraordinary profi ts of energy
Ø Good Road Connectivity in two directions, both sides. FORMALDEHYDE 37% metric tonne. companies.
Surrounding Green Belt CAUSTIC SODA LYE 48% The Government had on April 16
& ALL ACIDS The export duty on petrol diesel and raised the windfall tax on petroleum The rates are reviewed every
IN ANY QUANTITY & PACKING.
FOR MORE DETAILS CONTACT: Other Chemicals of Your Need & Specification aviation turbine fuel (ATF) will continue crude to Rs. 9,600 per metric ton from fortnight based on international crude
Contact: SWAROOP ENTERPRISES • THANE (West)
Tel: 9769011555 w Email: landmahad@gmail.com Call: 9821056865, 9821087058, 9152805086 to be nil. Rs. 6,800, after fi rming of crude oil oil prices in the previous two weeks.
Mail: rameshvesvikar@gmail.com
18/42
Chemical Weekly May 14, 2024 155

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