Pipes News Today

GAIL expects oil, gas prices to remain high supported by US energy policy. GAIL India chairman said the company is looking to scale up capital expenditure in the next 3-5 years to Rs 10,000-12,000 crore.

India plans to unlock 13.9 mmscmd of stranded gas reserves, equivalent to 14% of current production.

Russia has started supplying gas to Iran through a new route via Azerbaijan. This move aims to counteract sanctions, strengthen ties with Iran, and diversify export routes. The gas will primarily be used for domestic consumption in Iran, although exports to Pakistan and India are being considered in the future.

India's shift to piped cooking gas offers a cleaner, more efficient alternative to LPG cylinders and polluting fuels, redefining energy distribution.

India has 13.9 mmscmd of stranded gas in fields that lack pipelines. DGH is exploring options to connect them to grids, including subsidies and viability gap funding.

On September 11, 2024, the construction of the Afghan section of the 1,1814 km Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline began, projected to supply 33 billion cubic meters of gas annually.

Europe's reliance on Russian gas dropped from 40% in 2021 to 15% in 2023 due to Ukraine ending gas transit agreement. Russia's gas exports to Europe fell from 150 bcm in 2021 to 28.15 bcm in 2023. Gazprom posted a $7 billion loss in 2023.

Andhra Pradesh to welcome 17.8 MT steel plant with Rs 1.4 lakh crore investment from ArcelorMittal/Nippon Steel. 2 GW solar plant and 1 MT green ammonia plant also in the pipeline.

Copper pipe & tube enterprises in China have a similar holiday schedule for the 2025 Chinese New Year as in 2024, with some enterprises slightly adjusting their duration. Orders remain strong, supported by exports of air conditioner pipes. The operating rate in January 2025 is expected to be 73.38%, down 9.56 percentage points MoM but up 1.89 percentage points YoY.

Turkey confirmed a drone attack on TurkStream pipeline from Ukraine, but gas flow remains unaffected. Russia accuses US of encouraging attacks on pipeline.