India is revisiting nuclear energy to meet increasing power demands and achieve energy independence, aiming for a 12.5-fold increase in nuclear power generation by 2047. This revival faces challenges, including safety concerns, high costs and public anxiety, reminiscent of past protests against nuclear plants like Kudankulam.

The Oil Ministry has announced that city gas distributors will now receive a quarterly allocation of ‘new well gas’ alongside regular domestic gas to better meet customer demand. This new system replaces the previous auction-based supply. While new well gas is priced higher at 12% of the crude oil price, it remains a cheaper alternative to imported gas.

India’s crude oil and natural gas production experienced declines in 2024-25 due to falling output from mature fields. This decrease has led to a rise in the country’s import bill, with India importing 88% of its crude oil and 51% of its gas consumption.

India’s ONGC faces declining natural gas production from aging fields, impacting CNG and piped gas supplies to city distributors like IGL and MGL. GAIL has notified a cut in APM gas supplies by up to 20%, effective April 16, 2025.

India plans to amend its nuclear liability laws, capping accident penalties for equipment suppliers to attract US firms like GE and Westinghouse. This move aims to boost nuclear power production to 100 gigawatts by 2047 and facilitate a $500 billion trade deal with the US. The changes address concerns stemming from the 2010 law, influenced by the Bhopal disaster.

Reliance Industries (RIL) and its British partner BP boosted their share in the domestic aviation turbine fuel (ATF) market by 2.5 percentage points, spurred by a 62% sales growth in the just-ended fiscal year. RIL-BP’s market share rose to 7.5% in 2024-25 from 5% in previous year, according to industry data.

India is considering gas-based power generation as a captive energy source for its rapidly expanding data center industry. Utilizing gas plants could provide cost-effective and reliable power, offering a cleaner alternative to coal with reduced emissions. The adoption hinges on energy storage costs and long-term gas supply agreements, ensuring a stable and dispatchable energy source.

The government has decreased the supply of lower-cost APM gas to city gas distributors like Indraprastha Gas Ltd by up to 20%, substituting it with more expensive fuel. This reduction in APM gas allocation, effective April 16, 2025, will lead to higher input costs for CGD companies, potentially resulting in CNG price hikes and impacting profitability.

In a landmark collaboration, Reliance Industries, BP, and ONGC secured a Gujarat offshore oil block in the OALP-IX bid round. ONGC emerged as the dominant winner, acquiring 15 blocks, while Vedanta secured seven. This round witnessed significant investment commitments and aims to boost India’s oil and gas production, reducing the nation’s reliance on imports.

Gujarat State Petroleum Corp (GSPC) is looking to secure a liquefied natural gas (LNG) cargo for delivery in the second half of May. The tender for this cargo closes on April 15, according to industry sources.