SOCAR cuts fuel consumption by 28%

[ad_1] In 2020, during the coronavirus pandemic, the State Oil Company of Azerbaijan (SOCAR) reduced fuel and electricity consumption by 28% and 10%, respectively, Report informs, citing the company’s spokesperson Ibrahim Ahmadov. According to him, last year, the company produced about 26% of the electricity it used in Azerbaijan at the expense of its internal… Continue reading SOCAR cuts fuel consumption by 28%

India to increase LNG share in gas consumption to 70%

[ad_1] The share of liquefied natural gas (LNG) in India’s gas consumption could rise to 70 percent from the current 50 percent in 10 years, and new import terminals are needed, Report informs, referring to Reuters. Indian Prime Minister Narendra Modi has set a target to raise the share of natural gas in the country’s… Continue reading India to increase LNG share in gas consumption to 70%