GAIL sourcing LNG to meet growing demands -Governance Now

GAIL sourcing LNG to meet growing demands

GAIL has signed a memorandum of understanding with Shipping Corporation of India to cooperate for transportation of LNG sourced by GAIL from the US

GN Bureau | September 26, 2013

GAIL (India) Ltd. has entered into an understanding with Petronet LNG Ltd for reserving 2.5 million tonnes (mt) annually exclusive capacity in the planned expansion of Dahej LNG terminal to meet the demand.

According to a news report in the Business Line, Petronet is expanding Dahej terminal’s capacity by another five mt that will take the total capacity to 15 mt.
B C Tripathi, chairman and managing director said that BHEL will be the commercial operator of the Dabhol LNG terminal at Ratnagiri, Maharashtra. The terminal will act as the gateway for supply of natural gas to the country’s southern and western parts.

In the face of growing domestic demand GAIL is also planning to venture in LNG shipping to bring the contracted gas to India. It has signed a memorandum of understanding with Shipping of Corporation India Ltd (SCI) to cooperate for transportation of LNG sourced by GAIL from the US.

The cooperation includes SCI assisting GAIL in the charter hiring of LNG ships and GAIL allowing SCI rights in the ownership of LNG ships.
According to Tripathi, the key growth areas for the company, will be upstream (exploration & production), midstream (pipelines) and downstream (petrochemicals). Focus will also remain on maintaining leadership position in domestic gas and petrochemical businesses, he added.

Comments

Other News

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future. At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind