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
Royal Dutch Shell, Europe's largest oil company, and French firm GDF Suez are likely to take 26 per cent stake each in GAIL India Ltd's proposed floating LNG import terminal at Kakinada in Andhra Pradesh.
For speedy implementation of GAIL (India) Limited's Jagdishpur-Haldia natural gas pipeline project in Uttar Pradesh, the state government has agreed to constitute a high-power committee to facilitate single-window clearance.
India’s state-owned natural gas utility GAIL (India) Ltd announced on Friday that its subsidiary, GAIL Global USA LNG, had signed an agreement with US-based WGL Midstream Inc for sourcing gas required to produce 2.5 million tonnes of liquefied
GAIL (India) Limited on Friday announced signing of a sourcing agreement between its subsidiary GAIL Global USA LNG LLC (GGULL) and US-based company WGL Midstream Inc (WGLM) for procurement of natural gas required to produce about 2.5 million tonnes per
State-run gas utility GAIL India is likely to sign a gas-supply agreement with Houston-based Vega Energy Partners shortly, sources said. The deal is for supplying gas to the Cove Point LNG Terminal project located at Lusby in Maryland, US.
Under pressure from industrial gas users, GAIL Ltd, the country's biggest gas marketer of natural gas, said changes were made in APM gas supply in accordance with the government policy and it was applicable to customers of all units, both large and small