To secure 3 million tonnes of LNG at a price lower than the offered $14 per unit, Indian government-owned natural gas processing and distribution company Gail India is negotiating with gas-rich Qatar. Gail India is offering to help Qatar Petroleum to buy 5 per cent equity in Petronet LNG. Gail India wants a price of $12.5 per unit for LNG.
Tag: GAIL India
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GAIL India faces delay in pipeline project
The 900 km gas pipeline project of GAIL India is facing delay because of land acquisition issue in Kerala and Tamil Nadu. It is learnt that GAIL has so far completed only 30 km of the pipeline. GAIL India is constructing a 505 km pipeline through Kerala, 310 km through Tamilnadu and 85 km through Karnataka
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Gail to export gas to Pak, says Indian Govt
To export natural gas to Pakistan through a pipeline from Punjab, Indian government-owned gas utility GAIL India will enter into contract with a Pakistani firm, the Indian government has said.
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Myanmar oil and gas blocks
Myanmar government shortlisted 61 companies to bid for 11 shallow-water and 19 deep-water oil and gas blocks in an international tender. Among these firms are India's Reliance Industries,
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GAIL, Paradip Port may sign MoU for LNG terminal project
GAIL India and Paradip Port Trust may soon sign a memorandum of understanding (MoU) to set up an LNG terminal, most probably offshore at the port. GAIL (India), the largest state-owned gas processing and distribution company, proposes to set up an LNG terminal, most probably offshore, at the port.
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BMTC to run fleet on CNG once GAIL project takes off
Bangalore Metropolitan Transport Corporation (BMTC) would be able to run its fleet on CNG (compressed natural gas) once GAIL India sets up filling stations in the city. GAIL India, along with Karnataka government is in the process of setting up 25 CNG filling stations across Bangalore city to supply gas to BMTC. To undertake distribution of clean natural fuel for transport and other sec
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Net profit of GAIL declines on lower gas volume
Net profit of GAIL India declined 28.7 per cent to Rs 808 crore during April-June quarter from Rs 1,134 crore in the year-ago period. The country's largest gas transmission and marketing company witnessed 16 per cent growth in sales to Rs 12,856 crore during the quarter. The state-run utility witnessed fall in net profit as it transported less gas and its LPG margins declined on dryin
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GAIL to await govt decision on pipeline project
BC Tripathi, Chairman of GAIL (India) said the firm would wait one month for the Tamil Nadu government to take a decision on the company's natural gas pipeline project which passes through the state. GAIL is implementing an ambitous Kochi-Koottanad-Bangalore-Mangalore natural gas pipeline project and it passes through seven districts in Tamil Nadu Ăâ Coimbatore, Tirupur, Erode, Namakkal, Sale
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GAIL wants Petronet to renegotiate price of Aussie gas
GAIL India wants Petronet LNG to renegotiate the pricing agreement it signed for importing LNG from Australia's Gorgon project. Petronet LNG signed the agreement in August 2009
and under this, the company would import 1.44 million tonne per annum of liquefied natural gas (LNG) at a
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GAIL may drop TN pipeline project: Gail
GAIL (India) may abandon the Tamil Nadu portion of the Kochi-Koottanad-Bangalore-Mangalore natural gas pipeline project if no decisions are taken by the State Government within a month. Gail Chairman BC Tripathi said that the matter was discussed at the Board meeting. We will wait for one more month and then the Board will take a call on abandoning the project said Tripathi.