The un-bundling of state-owned natural gas utility GAIL (India) must happen for the country’s plan to set up a gas trading hub to achieve its desired purpose, Darshan Hiranandani, Chief Executive Officer (CEO) and Managing Director (MD) of H-Energy
The government has decided against giving gas transportation company GAIL majority stake in the proposed gas exchange to prevent conflict of interest seeping into the latest reform initiative that would pave the way for free trading of natural gas – both short-term and long-term – through dedicated exchanges.
GAIL (India) Ltd. has launched the supply of compressed natural gas (CNG), domestic piped natural gas (PNG), and CNG-run vehicles in Ranchi, the company announced on Friday.
Oil and steel minister Dharmendra Pradhan on Tuesday said the oil ministry has instructed government-owned natural gas utility giant, GAIL, to form a plan to separate its gas marketing and transmission businesses.
State-owned refinery Indian Oil Corporation (IOC) and gas utility GAIL India’s initial agreement, to buy a 50 per cent stake in Adani Group’s Rs 5,000 crore Dhamra LNG project in Odisha, has expired, said Dharmendra Pradhan, oil minister.
State-owned refiner Indian Oil Corp (IOC) and gas utility GAIL India Ltd’s initial agreement to buy a 50 per cent stake in Adani Group’s Rs 5,000-crore Dhamra LNG project in Odisha has expired, Oil Minister Dharmendra Pradhan said Monday.
India has fixed about 64% lower tariff for the Krishna Godavari basin gas pipeline network at 16.14 rupees per million British thermal units (mmbtu), according to an order by the Petroleum and Natural Gas Regulatory Board (PNGRB).
With Gas Authority of India Limited’s (GAIL) gas pipeline network coming in the way of its alignment, Namma Metro’s Phase 2 project appears to have run into rough weather.
Shares of GAIL (India) hit an over three-month low of Rs 323, down 10 per cent, in intra-day trade on the BSE on the back of heavy volumes. The stock was quoting at its lowest level since February 26, 2019.
The share price of Gail India soared by nearly 3% to touch intraday high of Rs 358.90 per piece on Senxex during Wednesday’s trading session. At around 1139 hours, the stock was performing at Rs 357.40 per piece up by Rs 8.10 or 2.32%.
