State-run GAIL India’s renegotiated LNG import deal with Russian supplier Gazprom will kick-in from May, with volumes gradually ramping up to fully contracted quantity of 2.5 million tonnes (MT) in 5-6 year, Oil Minister Dharmendra Pradhan said today.
A splitting of GAIL (India) into pipeline and gas-marketing entities seems imminent as the government has come to the view that it is necessary to create a gas-trading hub in the country and bring in transparency in price determination through an exchange.
The newly-created arm of state-run gas major Gail India, Konkan LNG, will pump in around Rs 3,000 crore to double the capacity at its liquefied natural gas (LNG) terminal at Dabhol in the Konkan region of Maharashtra to 10 million tonne over the next three years.
To promote environment-friendly uses of coal, Coal India is planning to set up plants for coal gasification, Parliament was informed today.
Oil regulator PNGRB has approved extension of state gas utility GAIL India Ltd’s ‘Urja Ganga’ pipeline up to Guwahati in Assam, Petroleum Minister Dharmendra Pradhan said today.
Oil regulator PNGRB has terminated GAIL India Ltds licence to build a Rs 10,000 crore natural gas pipeline from Surat in Gujarat to Paradip in Odisha, saying the state-owned firm hadnt started work on the project even after six years.
The Petroleum and Natural Gas Regulatory Board (PNGRB) has terminated the Surat-Paradip natural gas pipeline project by GAIL India owing to delays.
Oil PSUs want Andhra Pradesh government to provide viability gap funding for them to set up a Rs 32,901-crore petrochemical complex in the state, Oil Minister Dharmendra Pradhan said on Monday.
The oil ministry is considering splitting GAIL India into two separate entities, one a marketing company and the other, a pipeline player.
Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility GAILBSE 0.04 % India to drill three firm and two optional wells in the Cambay Basin in Gujarat.