MNI BRIEF: Dallas Fed Price Gauge Slows To 4.4% Over Year

MNI: Canada Apr-Nov Budget Deficit CAD3.6B, Beats Projection

(CORRECTED)MNI INTERVIEW: ECB Communications Errors Risk Market Selloff

Crude Futures Continue Slide, WTI Hits Fresh Weekly Lows

MNI DATA FORECASTS: EZ Inflation, US Jobs data to the fore

MNI: US NAR DEC PENDING HOME SALES INDEX 76.9 V 75 IN NOV

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Dallas Fed Price Gauge Slows To 4.4% Over Year

USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

US TSYS

Late Tsy Roundup: Implied Hike Steady at 25.9Bp Ahead Wed FOMC

US

President Biden Finishes Month On Declining Approval Trend

US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

India’s Coal Demand Yet To Peak

COAL
BulletEnergy BulletsHomepageCommodities

Coal plays still a significant role in the country’s energy mix and demand is yet to peak, as the country struggled at the same time to secure long-term LNG contracts.

  • “Coal demand in the country is yet to peak and will continue to play an important role in the energy mix till 2040 and beyond”, said Union coal minister Pralhad Joshi said at a parliamentary consultative committee meeting.
  • “Coal accounts for more than 51% of country’s primary energy requirement and around 73% of power generation”, he added.
  • India’s dependence on coal-fired generation, could be caused by high gas import prices and India’s difficulty to secure long-term LNG contracts to replace supply from Gazprom.
  • In October, India’s Gail has signed an agreement with the ADNOC to expedite talks on short- and long-term sales agreements. India has also had talks with Angola and Algeria to produce LNG on long-term contracts, according to Bloomberg.
151 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Coal plays still a significant role in the country’s energy mix and demand is yet to peak, as the country struggled at the same time to secure long-term LNG contracts.

  • “Coal demand in the country is yet to peak and will continue to play an important role in the energy mix till 2040 and beyond”, said Union coal minister Pralhad Joshi said at a parliamentary consultative committee meeting.
  • “Coal accounts for more than 51% of country’s primary energy requirement and around 73% of power generation”, he added.
  • India’s dependence on coal-fired generation, could be caused by high gas import prices and India’s difficulty to secure long-term LNG contracts to replace supply from Gazprom.
  • In October, India’s Gail has signed an agreement with the ADNOC to expedite talks on short- and long-term sales agreements. India has also had talks with Angola and Algeria to produce LNG on long-term contracts, according to Bloomberg.