Two workers were killed and three others were reportedly injured by the impact of a sudden burst of an LPG pipeline owned by Gas Authority of India Limited (GAIL) at Durajpally village in Nalgonda district, about 140 km from here, at around 1 pm on
A cabinet committee's approval for a mechanism to use regasified liquefied natural gas (RLNG) to improve utilisation of grid-connected gas-based power plants initially provided some euphoria for LNG entities Petronet LNG, GAIL and Gujarat State Petronet
The Cabinet committee’s approval for a mechanism to use RLNG to improve utilisation of grid-connected gas-based power plants did initially provide some euphoria for LNG players like Petronet LNG, GAIL and GSPL.
In the new mechanism for gas-based power plants, key suppliers GAIL and Gujarat State Petronet (GSPL) might have to forgo 50 per cent of their transmission rate and 75 per cent of marketing margin in supplying imported regassified liquefied natural gas
Shares of Gail (India) and Gujarat State Petronet (GSPL) were trading higher on the bourses in early morning trade on reports that the government will be allowed these companies to import gas on spot basis.
Oil regulator PNGRB has suggested a maximum marketing margin on natural gas sold to fertilizer and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.
Petroleum Minister Dharmendra Pradhan on Wednesday pitched for early selection and appointment of a leader to head the consortium of companies to build the ambitious cross-country Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.
GAIL’s performance suffered in the December quarter, impacted by lower margins in the petrochemicals, liquefied petroleum gas (LPG) and liquid hydrocarbon segments, beside inventory losses due to the decline in crude oil prices.
Shares of State-owned gas utility GAIL India are trading lower 4% to Rs 403 on the BSE after the company posted a massive 64 % drop in its December quarter net profit as it was unable to sell imported gas contracted at higher price.
India's largest gas transmission utility GAIL (India) Ltd has reported a 64% decline in net profit to Rs 604 crore in the quarter ended December 2014 as compared to Rs 1,679.4 crore in the corresponding quarter last fiscal.
Gail India Limited has clarified there was no plan to shut down its LPG recovery plant at Lakwa in Assam but would convert it to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited (BCPL) being set up at Lepetkata in