Gail India called on U.S. liquefied natural gas (LNG) producers to offer more flexibility contract terms as the state-owned gas distribution gas company hunts for supplies from the middle of the next decade
As part of its major expansion plans, Gail Gas Limited, a wholly owned subsidiary of Gail (India) limited will set up 41 CNG stations and will supply gas to 2,20,000 households with Piped Natural Gas (PNG) over a period of eight years.
The Gail Gas Limited, a 100 per cent subsidiary of GAIL, on Thursday announced investment of Rs 1,200 crore in adjoining Seraikela-Kharswan district for construction of a network to provide piped natural gas to 2.20 lakh households and building 41 compressed natural gas (CNG) stations within the next eight years.
The city gas distribution (CGD) projects in Jharkhand’s Seraikela-Kharswan and West Singhbhum districts are worth around Rs 1,200 crore, a senior official of Gail Gas Limited said here on Thursday.
The Centre has nominated state-run GAIL to buy the gas output from Vedanta’s prolific Barmer block, which has recently begun pumping the energy resource after accounting for a fourth of India’s domestic crude oil production.
The chairman of India’s GAIL said on Wednesday the company was evaluating buying a stake in the Adani Group’s proposed 5 million tonnes per annum Dhamra liquefied natural gas (LNG) terminal on India’s eastern coast
The 1,600-km Indradhanush Gas Grid connecting the north-eastern states will get Rs 5,000-crore funding from the Centre. The Cabinet is likely to clear the proposal soon, according to sources.
A 10-member team of officials from the Gas Authority of India Limited (GAIL) are in the state capital to conduct trial run of the piped natural gas (PNG) and compressed natural gas (CNG) supply system.
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on Wednesday accepted the plea of state-run gas supplier GAIL India to be treated as an operational creditor (OC) in the resolution process of textiles player Alok Industries.
GAIL India, the country’s largest natural gas processing and distribution company, today reported a 33.20 per cent increase in net profit to Rs 1,681 crore for the third quarter ended December 2018.
