GAIL India is studying the impact of the recent tariff order by the Petroleum and Natural Gas Regulatory Board (PNGRB) on its financial position. Some reports indicate that the May 10 order of PNGRB may cause Rs 500 crore loss for the company. In its order, the downstream regulator retrospectively reduced the tariff charged by GAIL for its Krishna Goda
Tag: GAIL India
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Kerala govt wants centre to introduce CGD in Kochi
Kerala Chief Minister Oommen Chandy asked the union petroleum ministry to fast-track the implementation of the City Gas Distribution (CGD) project in Kochi. Recently, Chandy asked the union oil Minister Veerapa Moily to take proactive steps to realise the CGD project. In the letter, Chandy ensured his governmentĂâs Ăâsupport including single window clearance for the realisation of the projec
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Petronet may commission Kochi terminal by end March 2014
As many as three Re-gasified Liquefied Natural Gas (R-LNG) terminals exist now in the country while the fourth R-LNG terminal is under construction at Kochi (Kerala) by Petronet LNG (PLL). Giving this information in a written reply in the Lok Sabha recently, Panabaaka Lakshmi, Minister of State for Petroleum & Natural Gas informed that the Kochi RLNG terminal may be commissioned during 2013
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Govt yet to decide on GAIL’s plan to buy more stake in Petronet
Union Petroleum Secretary Vivek Rae informed reporters that the government was yet to take a decision on whether to allow GAIL India to raise its shareholding in Petronet LNG. GAIL India, which holds 12.5 per cent stake in Petronet LNG, has shown keen interest in buying an additi
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GAIL aims transmission of 110 mmscmd of gas in FY14
According to a company statement, state-owned gas utility GAIL India agreed to aim transmission of 110 million standard cubic meter per day of natural gas through its pipeline network in 2013-14. The company aims to sell 84.05 mmscmd of gas during the year, according to the performance memorandum of understanding (MoU) signed by the company with the government
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Cairn India shows interest in downstream sector
Cairn India has shown interest to be a part of a joint venture GAIL India and Rajasthan State Petroleum Corp (RSPCL) for supply of natural gas in Rajasthan. With this, the Anil Agarwal-led Cairn India plans to enter into the downstream sector, which refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and d
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India estimated to have 1.6 tn cubic feet of shale gas reserves
According to an estimate by the US Geological Survey, India has 1.6 trillion cubic feet of technically recoverable shale gas in the provinces of Bombay, Cauvery and Krishna-Godavari. The gas is largely concentrated in six areas - Cambay (in Gujarat), Assam-Arakan (northeast), Gondawana (central), KG onshore (Andhra Pradesh), Cauvery onsh
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Reworking GAIL’s pipeline project may raise cost
According to sources close to the development, the cost of the Rs 3,263 crore Kochi-Bangalore-Mangalore Pipeline (KKBMPL) being implemented by GAIL may escalate in case of re-alignment. Farmers in Tamil Nadu are protesting against the a section of the project, which passes through their farmland and this prompted the company to consider re-align
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Minister mulls extending Dabhol-Bangalore pipeline
Union Petroleum Minister Veerapa Moily informed that his ministry was thinking of extending the Dabhol-Bangalore gas pipeline between Chitradurga and Mangalore. He said this after commissioning the 1,000 km long gas pipeline between Dabhol in Maharashtra and Bidadi near Bangalore. The pipeline was laid by GAIL at an inve
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Minister mulls extending Dabhol-Bangalore pipeline
Union Petroleum Minister Veerapa Moily informed that his ministry was thinking of extending the Dabhol-Bangalore gas pipeline between Chitradurga and Mangalore. He said this after commissioning the 1,000 km long gas pipeline between Dabhol in Maharashtra and Bidadi near Bangalore. The pipeline was laid by GAIL at an inve