In the wake of a stir by farmers in seven districts of Tamil Nadu against construction of the Rs 3,400-crore Kochi-Mangalore liquefied natural gas pipeline on their lands, GAIL India has decided to cancel the contract awarded to build it in the state.
GAIL today announced that during the Gastech Conference being held in Seoul, South Korea, the company had signed a Memorandum of Understanding (MoU) with Chubu Electric Power Co., Inc., Japan (Chubu) on Friday.
Asking Oil and Natural Gas Corporation and Oil India to pick up 10% stake in Indian Oil Corporation for meeting the divestment target may have invited wrath from some quarters but data suggests cross-holdings were not a lost game for state-run oil majors.
The decision by the ministry of petroleum and natural gas to increase allocation to city gas distribution (CGD) networks might hurt industrial customers such as Reliance, Essar, GAIL and Welspun, among other companies which have allocation in the
A cap on its fuel subsidy at Rs 1,400 crore helped state-owned natural gas and petrochemicals producer GAIL India's net profit rise 31 per cent year-on-year to Rs 1,679 crore for the three months ended December.
State-owned GAIL India Ltd today surprised the street with better-than-expected net profit and revenues during the third quarter ending December 2013. The natural gas and petrochem major reported a 30.7 per cent year-on-year rise in net profit to Rs
State-run GAIL India Ltd plans to strike a “time-swap&" deal with US shale gas suppliers so that it can import shale gas by 2015-16, ahead of 2017-18 for which contracts are in place.Time-swapping deals are a rarity in the global energy market.
Taking a cue from China on ensuring energy security by keeping oil and gas sector out of any future diplomatic standoffs, India has initiated steps to ensure that state-run GAIL's move to import liquefied natural gas (LNG) from the US should be on
The Madras High Court has issued an interim injunction order restraining the GAIL India Ltd from enforcing their claim for the difference between the APM price and the non APM price from five power firms, for the period from June 2006 to October 2011,
State-run gas utility GAIL India Ltd has been asked to explain the basis on which it is seeking renegotiation of India’s most expensive liquefied natural gas (LNG) import deal as the contract with Australia’s Gorgon project has no such
In a move that would benefit over 235,000 vehicle users and more than 1.23 million households of the state, Gujarat State Petroleum Corporation Ltd (GSPC) today announce that it would be reducing gas prices for vehicular (CNG) and domestic (PNG) use as
In a significant development, the Oil Ministry has given freedom to firms, including Reliance Industries and GAIL, to fix the marketing margin they want to charge on sale of natural gas to consumers other than urea manufacturing units and LPG plants.