GAIL India, which is one of the promoter shareholder of Petronet, refuses to concede its right of first refusal on the 5.2 percent stake of Asian Development Bank (ADB) in Petronet. The multilateral lending agency plans to sell its 5.2 per cent stake in Petronet, which has been formed as a joint venture by the Government with non-public sector cha
Tag: GAIL India
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GAIL revives pipeline project
GAIL India has revived the much delayed Rs 7,596 crore Jagdishpur-Haldia gas pipeline gas pipeline project. It is learnt that the groundwork for the project, which was sanctioned in 2007, is yet to start. The project was sanctioned almost five years ago. However, first a glitch over gas availability led to delay in execution.
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Centre may request US govt to allow Indian firms source gas
Reports suggest that the central government would request the US government to allow India oil and gas companies to source shale gas from the country. US government does not allow foreign companies to import shale gas. But as an exception, the US government recently allowed state-run Gail to import natur
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GAIL India to decide on shipping foray
In the next three-four months, GAIL India would decide on whether to start shipping operation. The company plans to source seven LNG (liquid gas) shipping vessels on long-term charter hire. Alternatively, it is also mulling a proposal of outright purchase. BC Tripathi, Chairman of the firm said after announcing the commissioning of its 5-million tonne a year
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GAIL commissions 5 mn t LNG terminal
BC Tripathi, Chairman of Gail India informed that it has commissioned the 5 million tonne capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra. He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm wou
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KPCL to select company for supply of LNG
Karnataka Power Corporation (KPCL) plans to conduct international competitive bidding process to select a company for supply of up to 1 mn mtpa of liquid natural gas (LNG). KPCL requires LNG in order to fuel its upcoming 700 mw gas-based combined cycle power project at Bidadi near
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Petronet LNG looks out for LNG customers
Petronet LNG is looking out for customers for the liquefied natural gas (LNG) that it would be importing from the newly set up LNG terminal at Puthuvype in Kerala. So far, the company managed to get only one customer - the BPCL Kochi Refinery- for the LNG. The refine
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GAIL joins hands with RSPCL
GAIL (India) agreed to form a joint venture with Rajasthan State Petroleum Corporation (RSPCL) under which the former would suppl
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GAIL cuts stake in ONGC proj
GAIL India has cut its equity stake in ONGC’s Dahej mega petrochemical project to 15.5 per cent after project cost further escalated by 9.5 per cent.
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GAIL clinches cheap gas import deal
GAIL India managed to clinch a deal to import natural gas from a US-based company for deliveries from 2016-17 at the Henry Hub-benchmarked price, which is lower than the Japanese Crude Cocktail (JCC).