Reliance Industries Ltd (RIL) has sold three-fourth of the gas from coal seams in Madhya Pradesh to an affiliate of the company at a price of just over $6 per million British thermal unit (mmBtu) at current oil prices. India Gas Solutions Private Limited, a 50: 50 joint venture between RIL and UK’s BP, bought 0.62 million […]
India is not considering any proposal to bifurcate state-owned gas utility GAIL (India) Ltd; instead the company is focused on building pipelines to connect gas sources to consumers to accelerate gas usage, Oil Minister Dharmendra Pradhan said. GAIL is India’s biggest natural gas marketing and trading firm and owns 60 per cent of the country’s 26,284-km gas […]
The Indian Energy Exchange (IEX) said that state-owned GAIL (India) Ltd has acquired five per cent stake of the IEX in its arm Indian Gas Exchange (IGX). However, the company did not divulge the details about the value of the transaction. Last month, Adani Total Gas and Torrent Gas had acquired five per cent stake each in the IGX. […]
Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes. Reliance and its partner UK’s BP Plc auctioned 7.5 million standard cubic metres per day (mmscmd) of incremental gas from the R-series gas field in the KG-D6 block, […]
Reliance Industries and its partner UK’s BP Plc has invited companies to bid for 7.5 million standard cubic meters per day of gas (mmscmd) incremental gas it plans to produce from the second-wave discoveries in the KG-D6 block, pricing them for the very first time against an international gas benchmark. While Reliance-BP had sold the first […]
Coal Minister Pralhad Joshi met his counterpart in the power ministry, R K Singh last week to discuss substituting imported coal with domestic fuel as part of initiatives towards the government’s ‘Aatmanirbhar Bharat’ goal. During the meeting, both ministers also deliberated on strategies for removing bottlenecks to augment coal suply in the country. “Had a […]
National gas pipeline PSU Gail India, which completed the Kochi-Mangalore gas pipeline last week after long delays, is hopeful of completing the first leg of the Kochi-Bengaluru line in January 2021, according to company officials. The first leg of the 620-km-long Kochi-Bengaluru gas pipeline begins from Kuttanad in Palakkad and extends up to Valayar, which is […]
The Indian government plans to invest Rs 10,000 crore in the next three years in setting up of LNG stations, Oil Minister Dharmendra Pradhan said. The government aims to have 1,000 retail outlets of liquefied natural gas (LNG), as the country plans to increase the share of gas in its energy basket. Pradhan said at […]
GAIL India Ltd, the nation’s biggest gas company reported a 8.5 per cent drop in September quarter net profit after losses on gas marketing offset gain made in the gas transportation business. Consolidated net profit of Rs 1,068.16 crore, or Rs 2.47 per share, in July-September is compared with Rs 1,167.58 crore, or Rs 2.59 a […]
The government has banned natural gas and coal-bed methane (CBM) prodnotucers from buying their own produce in the newly notified gas marketing freedom guidelines. The government on October 15 notified the Natural Gas Marketing Reforms that give producers the freedom to discover the market price of gas through a standard e-bidding process. The notification, which […]
