GAIL exploring opportunities to tie up with LNG producers

In GAIL's annual report for 2022-23, the company stated that natural gas could meet the increasing demand for clean, affordable energy with limited deployment of capital and significant impact on emissions.

GAIL, LanzaTech join hands to explore bio-recycling carbon waste into fuels and chemicals

GAIL (India) Ltd, the country’s largest gas distributor, and LanzaTech Global, an innovative carbon capture and utilization company that converts waste carbon into products that people use in their daily lives, have entered a partnership to explore innovative technology solutions that advance GAIL’s net zero 2040 goals and have the potential to support wider decarbonization

ONGC sells KG basin field’s gas

In an e-auction, the firm sold 1.4 million standard cubic meters per day - a fraction of the planned output from the block that sits next to Reliance Industries' prolific KG-D6 area in the Bay of Bengal, to Torrent Gas Pune Ltd, GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).

GAIL bags licence for Gurdaspur-Jammu gas pipeline

State-owned GAIL (India) Ltd beats Indian Oil Corporation (IOC) to win a licence to build a gas pipeline from Gurdaspur in Punjab to Jammu, oil regulator PNGRB said. In a statement, Petroleum and Natural Gas Regulatory Board (PNGRB) said that it had in January invited application cum bids for grant of authorisation for the Gurdaspur-Jammu

GAIL issues swap tender for LNG

According to industry sources, Gas Authority of India Limited (India) has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the United States in exchange for 12 cargoes for delivery into India in 2024. India’s largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal

GAIL to import ethane from the US

GAIL is looking to import ethane from the US, and, it has issued an expression of interest (EOI) for chartering a very large ethane carrier (VLEC) for 20 years, with an option to extend it for another five years. GAIL intends to use the same vessel for co-transporting ethane and LNG in different compartments. GAIL

MOL signs charter contract with GAIL for LNG carrier

Japan’s Mitsui OSK Lines (MOL) and state-run GAIL (India) Ltd have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier. The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (042660.KS) with a charter period from 2023,

ADNOC, GAIL agree to explore decarbonization opportunities

Abu Dhabi National Oil Company (ADNOC) and GAIL (India) Ltd. signed a memorandum of understanding to explore collaboration opportunities in LNG supply and decarbonization, including short- and long-term LNG sales agreements. The agreement also includes potential optimization of LNG trading activities, the review of joint equity investments in renewables and the monitoring of greenhouse gasses

India buys gas at double price after Russian deliveries get cancelled

India purchased some of the nation’s most expensive liquefied natural gas shipments ever after vital Russian deliveries were cancelled. GAIL India Ltd. bought several LNG cargoes for delivery between October and November at more than double the price it paid around this time last year. The New Delhi-based company is struggling to replace supply from

Russia defaults on gas supplies to GAIL

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India. India’s largest gas firm GAIL has a long-term deal to import 2.85 million tonnes of liquefied natural gas (LNG) per annum from a Singapore-based