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

500 CNG-run boats dedicated to the nation

Prime Minister Narendra Modi dedicated 500 boats converted to run on environment-friendly Compressed Natural Gas (CNG) from petrol and diesel to the Nation. The conversion of the boats running on petrol/diesel to run on CNG also was carried out under GAIL’s Corporate Social Responsibility initiative in association with Varanasi Nagar Nigam (VNN). VNN appointed Varanasi

GAIL decides to invest in renewables portfolio

The Gas Authority of India Limited (GAIL), a state-owned company in India, has decided to invest about $334.88 million (Rs 26,000 crore) in its renewables portfolio by 2030. According to company, it has undertaken liquid hydrogen capacity addition and the progress done on the prototype will influence its overall investments, a call on which will

PIL, GAIL agree to collaborate on hydrogen-based ecosystem

Pipeline Infrastructure Ltd (PIL) inked a Memorandum of Understanding (MoU) with GAIL (India) for cooperation and collaboration towards development and strengthening of the hydrogen-based ecosystem in India. The MoU aims at collectively exploring the feasibility, desirability and viability of hydrogen as a source of energy and thus build a partnership between the companies. PIL and

GAIL awards green hydrogen project in MP

GAIL (India) Ltd. has awarded a contract to an undisclosed company to set up a proton exchange membrane (PEM) electrolyzer at its facility in Madhya Pradesh (MP). The electrolysis unit, at GAIL’s Vijaipur Complex in Guna district, will be powered by 10 MW of renewables capacity. It will be commissioned by November 2023. It is

GACL and GAIL sign term sheet for Gujarat ethanol plant

Gujarat Alkalies and Chemicals Limited (GACL) and GAIL (India) Limited have signed a term sheet to jointly build a 500,000 liter per day ethanol plant in Gujarat, plans for which were first announced in 2021. The facility will use corn and broken rice as feedstock, producing 135,000 metric tons of animal feed and 16,500 tons

Gazprom seeks gas payments in euros from GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions