GAIL (India) Ltd could become a consortium associate in the Pakistan-India portion of the Iran-Pakistan-India (IPI) gas pipeline project. In the portion of the pipeline being built from Pakistan to the Indian border, it has been proposed that an Indian company will be a stakeholder. The proposal was made at the recent ministerial-level bilateral meeting between Pakistan and India on issues pertaining to the tri-national pipeline project. As stakeholder the Indian company will also have a place in the management of the consortium. Three bilateral issues were talked at the meeting: the structure of the pipeline company, which will execute and manage the project; the transportation tariff; and the transit fee.
Showing posts with label GAIL. Show all posts
Showing posts with label GAIL. Show all posts
Monday, May 19, 2008
Friday, March 28, 2008
IOC In Negotiations With RIL, GAIL For City Gas Alliance
Mumbai: State-run Indian Oil Corporation (IOC) is in negotiation with Oil and Natural Gas Corporation (ONGC), Reliance Industries (RIL) and GAIL (India) to form an alliance for city gas distribution. Via its first joint venture, Green Gas (GGL), the company along with GAIL is operating in Lucknow and Agra. IOC are in talks with these companies to form a alliance for city gas distribution. But they will be able to finalise it only after the Petroleum and Natural Gas Regulatory Board (PNGRB) comes out with its norms.
Tuesday, March 25, 2008
GAIL Awarded Oil & Gas Pipeline Transportation Company Of The Year
Gail India Ltd has informed that the Company has been adjudged the Oil and Gas Transportation Company of the Year, for the year 2006-07. The award was presented today by Shri Murli Deora, Honble Union Minister of Petroleum and Natural Gas to Dr. U. D. Choubey, Chairman and Managing Director, GAIL in Mumbai today. The award given by Petrofed carries a trophy and a citation.
GAIL owns and operates 6700 km. of natural gas transmission network which is over 82% of the total pipeline infrastructure in the country. The extensive natural gas infrastructure established over the last two decades has enabled sustained development of sizeable gas market in the country. GAIL has a track record of operating the pipelines efficiently and maintaining high safety standards. During the year 2006-07, GAIL handled around 28 BCM of Natural Gas through its Transmission Network and currently, its market share in gas transmission is 79%. The operating performance of the pipelines operated by GAIL has been excellent in 2006-07 and 100% availability of natural gas pipeline systems was maintained. GAIL has robust future plans and a road map has been developed to increase pipeline infrastructure to 11000 km by 2011-12.
In addition to gas pipeline network, GAIL owns and operates worlds longest exclusive LPG Pipeline Jamnagar-Loni pipeline (1269 km) and another one, Vizag-Secunderabad LPG pipeline (653 km). These pipelines have efficiently substituted rail/road transportation of LPG to a large extent in the respective areas and also resulted in reduction of emissions.
During the year 2006-07, GAIL added four new natural gas pipelines viz. Dahej Uran Pipeline, Vijaipur - Kota Pipeline, Kelaras - Malanpur Pipeline, Jagoti - Pithampur Pipeline to provide connectivity to consumers in various parts of the country. In the current financial year, GAIL has completed Dahej - Dabhol pipeline project which has not only revived the Dabhol power project but also provided connectivity between key locations across Gujarat and Maharashtra.
Natural Gas infrastructure being operated by GAIL is providing ready market access to domestic producers, connecting LNG terminals with demand centers, making gas available to customers including those who are remotely located, facilitating development of gas fields which are scattered and devoid of market access. Besides, pipeline network has enabled introduction of CNG/City gas in cities like Delhi, Agra-Ferozabad, Mathura, Mumbai, etc. thereby reducing alarming pollution levels in these cities.
GAIL has successfully implemented a sophisticated, centralized Gas Management System (GMS) and is effectively using it for natural gas transportation through all Trunk Pipeline networks across India. GMS integrates all the shippers, suppliers, customers, and transporter (GAIL) to provide better co-ordination and total transparency in Gas Transportation business.
GAIL is one of the leading public enterprises with a consistently excellent financial track record. Turnover and Net Profits during the last ten years has shown a compounded annual growth rate of 14 per cent. GAILs Turnover in the year 2006-07 went up by 11 per cent to Rs. 16,047 crore. The Profit After Tax during the year 2006-07 was Rs. 2,387 crore.
On the Customer Satisfaction front, the actual upliftment to minimum guaranteed offtake was121%. There was no unscheduled shut down (excluding due to force-majeure events) during FY 2006-07. (Only for one of the LPG Transmission pipelines, no unscheduled shutdown for other pipelines)
On the safety aspect, during FY 2006-07, there were no fatalities and 0.000328 man hours were lost due to accidents per million man hours. On the Environment and Occupational Health and Safety, there was full compliance of Prevention of Air Pollution Act, Prevention of Water Pollution Act, Environment Protection Act, Environment Protection Act and Factories Act.
GAIL owns and operates 6700 km. of natural gas transmission network which is over 82% of the total pipeline infrastructure in the country. The extensive natural gas infrastructure established over the last two decades has enabled sustained development of sizeable gas market in the country. GAIL has a track record of operating the pipelines efficiently and maintaining high safety standards. During the year 2006-07, GAIL handled around 28 BCM of Natural Gas through its Transmission Network and currently, its market share in gas transmission is 79%. The operating performance of the pipelines operated by GAIL has been excellent in 2006-07 and 100% availability of natural gas pipeline systems was maintained. GAIL has robust future plans and a road map has been developed to increase pipeline infrastructure to 11000 km by 2011-12.
In addition to gas pipeline network, GAIL owns and operates worlds longest exclusive LPG Pipeline Jamnagar-Loni pipeline (1269 km) and another one, Vizag-Secunderabad LPG pipeline (653 km). These pipelines have efficiently substituted rail/road transportation of LPG to a large extent in the respective areas and also resulted in reduction of emissions.
During the year 2006-07, GAIL added four new natural gas pipelines viz. Dahej Uran Pipeline, Vijaipur - Kota Pipeline, Kelaras - Malanpur Pipeline, Jagoti - Pithampur Pipeline to provide connectivity to consumers in various parts of the country. In the current financial year, GAIL has completed Dahej - Dabhol pipeline project which has not only revived the Dabhol power project but also provided connectivity between key locations across Gujarat and Maharashtra.
Natural Gas infrastructure being operated by GAIL is providing ready market access to domestic producers, connecting LNG terminals with demand centers, making gas available to customers including those who are remotely located, facilitating development of gas fields which are scattered and devoid of market access. Besides, pipeline network has enabled introduction of CNG/City gas in cities like Delhi, Agra-Ferozabad, Mathura, Mumbai, etc. thereby reducing alarming pollution levels in these cities.
GAIL has successfully implemented a sophisticated, centralized Gas Management System (GMS) and is effectively using it for natural gas transportation through all Trunk Pipeline networks across India. GMS integrates all the shippers, suppliers, customers, and transporter (GAIL) to provide better co-ordination and total transparency in Gas Transportation business.
GAIL is one of the leading public enterprises with a consistently excellent financial track record. Turnover and Net Profits during the last ten years has shown a compounded annual growth rate of 14 per cent. GAILs Turnover in the year 2006-07 went up by 11 per cent to Rs. 16,047 crore. The Profit After Tax during the year 2006-07 was Rs. 2,387 crore.
On the Customer Satisfaction front, the actual upliftment to minimum guaranteed offtake was121%. There was no unscheduled shut down (excluding due to force-majeure events) during FY 2006-07. (Only for one of the LPG Transmission pipelines, no unscheduled shutdown for other pipelines)
On the safety aspect, during FY 2006-07, there were no fatalities and 0.000328 man hours were lost due to accidents per million man hours. On the Environment and Occupational Health and Safety, there was full compliance of Prevention of Air Pollution Act, Prevention of Water Pollution Act, Environment Protection Act, Environment Protection Act and Factories Act.
Friday, March 14, 2008
GAIL, RIL Eyeing At Joint Projects In Qatar, Russia
New Delhi, March 13 GAIL (India) Ltd and Reliance Industries Ltd (RIL) are studying prospects of joint petrochemicals projects in Qatar and Russia. GAIL said that a joint working group, established by the two companies, is likely to submit its report in April on the feasibility of the projects. Out of 11 countries where such opportunities were conceived, the working group has narrowed down two-three countries. The 11 countries, which the task force has been eyeing at, include Saudi Arabia, Algeria, Nigeria, United Arab Emirates and CIS countries. Both GAIL and Reliance have been showing interest in setting up petrochemical projects overseas. Last year, the public sector gas transmission and marketing major and the private sector company had signed a memorandum of understanding (petrochemicals) for joint cooperation in petrochemicals. Under the petrochemicals, GAIL and petrochemicals would explore opportunities for setting up petrochemical complexes overseas in feedstock rich countries.
GAIL is also aiming for another Indian company as partner for its likely business venture with Russian oil firm Lukoil. GAIL has been in negotiations with Lukoil for building a petrochemical plant and liquefied natural gas (LNG) terminal in Saudi Arabia. GAIL and Lukoil have formed a joint working group for the purpose. Besides Lukoil, GAIL is also in negotiaons with Qatar''s state-owned Qatar Petroleum to build a petrochemical plant in that country.
GAIL is also aiming for another Indian company as partner for its likely business venture with Russian oil firm Lukoil. GAIL has been in negotiations with Lukoil for building a petrochemical plant and liquefied natural gas (LNG) terminal in Saudi Arabia. GAIL and Lukoil have formed a joint working group for the purpose. Besides Lukoil, GAIL is also in negotiaons with Qatar''s state-owned Qatar Petroleum to build a petrochemical plant in that country.
Thursday, February 14, 2008
GAIL Inks Mou With ITERA
New Delhi: GAIL (India) Ltd on Feb 13 inked a memorandum of understanding (MoU) with ITERA Oil & Gas Company of Russia for cooperation in hydrocarbon sector. The areas of cooperation comprise involvement in compressed natural gas projects and gas-based petrochemicals opportunities in Russia, as well as exploration and production opportunities in Russia and CIS countries. The two companies will also explore possible cooperation in other projects of mutual interests. GAIL, said that this is a substantial measure to focus on GAIL''s competence in gas-based petrochemical projects and CNG in Russia with a major private Russian company.
Saturday, January 19, 2008
GAIL Eyes Operating Stake In Small Onshore Blocks
Kolkata: GAIL (India) Ltd may bid for operating stake in small onshore and shallow water blocks in NELP-VII. For the rest of the blocks on offer, especially those in deepwater, GAIL will bid for participatory stake in the consortium.
“We may bid for operating stake for the small blocks especially on-shore,” U.D. Choubey, Chairman and Managing Director, told newspersons here. GAIL has stakes in 29 oil and gas blocks in the country, out of which “six has proven reserves”.
On the company’s petrochemical facility at Pata in Uttar Pradesh, he said that GAIL had recently completed capacity expansion of the facility from 3,10,000 tonnes per annum (tpa) to 4,40,000 tpa through de-bottlenecking.
“We are now planning further expansion of the capacity to 5,00,000 tpa through some modifications at an estimated investment of Rs 100 crore,” Choubey said.
• Check out our Yearender Special
Pata petrochemicals currently processes 12-13 million metric standard cubic metre of gas a day (mmscmd). Following the forthcoming capacity augmentation, the plant will consume approximately 15 mmscmd.
On meeting the additional requirement of Pata Petrochemicals, Choubey said that the company had LNG sourcing options from Shell (Hazira) and Petronet LNG. According to the available projection, GAIL would source 1-2 mmscmd from Shell Hazira.
On distribution of additional supplies available from Panna-Mukta-Tapti joint venture, he said that the gas would be marketed as per the guidelines set by the Union Government.
Choubey denied that GAIL’s control over marketing right of PMT gas led to short-supply of natural gas to industries based in Gujarat including those in power and fertiliser sector (like NTPC-Gandhar, Kribhco, IIFCO and others). “We are not aware of any such short-supply in Gujarat,” he added.
Commenting on the possibility of bonus issue, he said, “I cannot deny the fact that it is on our agenda. We are now taking initiative to increase the authorised share capital.”
“We may bid for operating stake for the small blocks especially on-shore,” U.D. Choubey, Chairman and Managing Director, told newspersons here. GAIL has stakes in 29 oil and gas blocks in the country, out of which “six has proven reserves”.
On the company’s petrochemical facility at Pata in Uttar Pradesh, he said that GAIL had recently completed capacity expansion of the facility from 3,10,000 tonnes per annum (tpa) to 4,40,000 tpa through de-bottlenecking.
“We are now planning further expansion of the capacity to 5,00,000 tpa through some modifications at an estimated investment of Rs 100 crore,” Choubey said.
• Check out our Yearender Special
Pata petrochemicals currently processes 12-13 million metric standard cubic metre of gas a day (mmscmd). Following the forthcoming capacity augmentation, the plant will consume approximately 15 mmscmd.
On meeting the additional requirement of Pata Petrochemicals, Choubey said that the company had LNG sourcing options from Shell (Hazira) and Petronet LNG. According to the available projection, GAIL would source 1-2 mmscmd from Shell Hazira.
On distribution of additional supplies available from Panna-Mukta-Tapti joint venture, he said that the gas would be marketed as per the guidelines set by the Union Government.
Choubey denied that GAIL’s control over marketing right of PMT gas led to short-supply of natural gas to industries based in Gujarat including those in power and fertiliser sector (like NTPC-Gandhar, Kribhco, IIFCO and others). “We are not aware of any such short-supply in Gujarat,” he added.
Commenting on the possibility of bonus issue, he said, “I cannot deny the fact that it is on our agenda. We are now taking initiative to increase the authorised share capital.”
Thursday, January 17, 2008
GAIL Receives Board Approval For Dabhol-Bangalore Pipeline Project
Bangalore: The board of directors of GAIL (India) Ltd has given in-principle clearance for laying of the 730 km Dabhol-Bangalore gas pipeline. Depending on the source and customer alliance, the pipeline will be designed to carry 16 MMSCD (million standard cubic metres per day) of gas and will need an investment of Rs 2,500 crore. The project will be appraised/ updated in respect of investment, customer identification, routing of the pipeline and freezing the design parameters before final investment permission by the GAIL board. The route of the proposed pipeline is from R-LNG Terminal of Ratnagiri Gas and Power Private Ltd (RGPPL) at Dabhol in Maharashtra up to Bangalore. The pipeline will pass via Ratnagiri and Kolhapur districts of Maharashtra; and Belgaum, Dharwad, Haveri, Davangere, Chitradurga, Tumkur and Bangalore districts of Karnataka. GAIL will also be laying three pipelines to augment the capacities of Dahej - Vijaipur pipeline, Vijaipur - Dadri pipeline, Vijaipur - Auraiya - Jagdishpur pipeline with a carrying capacity of 74 MMSCMD.
Monday, January 14, 2008
GAIL Ties Up With ONGC To Mumbai Offshore Gas
New Delhi: GAIL (India) Ltd and ONGC are working out a commercial agreement to market gas from the latter''s marginal field in Mumbai offshore. GAIL expects to receive an additional 3-4 million standard cubic metre per day (mmscmd) of gas at a market-related price. Discussions are on with GAIL for marketing 3.2 mmscmd of gas from C-series field. The market price is at least 40-45 per cent more than the administered price decided by the Government. Since 2006-07, GAIL has been getting 4.8 mmscmd of gas from Panna-Mukta-Tapti field produced by the joint venture between Reliance Industries Ltd, ONGC and BG at $4.75 per mBtu. This gas from ONGC would help GAIL partially meet the deficit in demand and enhance the revenue of GAIL.
The fields are estimated to hold in-place reserves of 15.54 billion cubic metre of gas and 4.46 mcm of condensate. The estimated gas production from the field is more than 3 mmscmd. ONGC is investing about Rs 3,195 crore on developing this field. GAIL and ONGC have accorded on a joint-venture approach for monetising the gas reserves discovered by ONGC in Krishna Godavari and Mahanadi basins. It will synergise the production, transportation and distribution strengths of ONGC and GAIL.
The fields are estimated to hold in-place reserves of 15.54 billion cubic metre of gas and 4.46 mcm of condensate. The estimated gas production from the field is more than 3 mmscmd. ONGC is investing about Rs 3,195 crore on developing this field. GAIL and ONGC have accorded on a joint-venture approach for monetising the gas reserves discovered by ONGC in Krishna Godavari and Mahanadi basins. It will synergise the production, transportation and distribution strengths of ONGC and GAIL.
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