Gas Utilities

State-owned gas utility GAIL (India) Ltd has settled a USD 1.817-billion claim against a former unit of Russian energy giant Gazprom for USD 285 million, according to a stock exchange filing. GAIL had in December 2023 initiated legal proceedings against SEFE Marketing & Trading Singapore Pte Ltd in the London Court of International Arbitration for non-delivery of liquefied natural gas (LNG) under a long-term contract. It sought USD 1.817 billion in compensation for the default in delivery of committed cargoes by SEFE. "GAIL (India) Limited and SEFE Marketing & Trading Singapore Pte Ltd have entered into a settlement agreement dated January 15, 2025," the Indian firm said in the stock exchange filing. "The terms of the settlement agreement include payment of USD 285 million by SEFE Marketing & Trading Singapore to GAIL and withdrawal of arbitration proceedings before London Court of International Arbitration." The company gave no details of the settlement. GAIL in 2012 ...

While Europe has enough gas reserves to get through this winter and prices have eased since the start of the year, inventories are being eroded by cold weather

Companies seeking professionals 'with diverse educational backgrounds', it says

The joint venture aims to double gas sales in four years and strengthen infrastructure to more than 600 retail outlets during the period to meet India's rising gas demand, Jha added

Oil regulator PNGRB has launched a two-month long nationwide drive to increase adoption of piped natural gas as a cooking fuel in household kitchens in an attempt to cut dependence on imported fossil-fuels. "The Petroleum and Natural Gas Regulatory Board (PNGRB) along with city gas distribution entities will run a campaign from January 26 to March 31, aimed to promote the adoption of piped natural gas (PNG) among households and to expand PNG consumer base across a broader segment of the population," it said in a statement. While PNG has gained currency in the last few years after PNGRB expanded city gas networks to most parts of the country, sizable households continue to use either LPG or conventional fuels like firewood and cow dung for cooking. While India is about 50 per cent dependent on imports to meet cooking gas LPG needs, use of conventional fuels is considered a health hazard. PNG offers a viable alternative. It is convenient as it does not require ordering for refills ..

Gas distributor Maharashtra Natural Gas Limited (MNGL) said it has entered into a technology collaboration with US-based Heath Consultants Incorporated to ensure low-emission operations of its natural gas utility infrastructure. The Memorandum of Understanding (MoU), signed under the US-India Low Emissions Gas Task Force (LEGT), would provide MNGL and Heath to jointly identify opportunities in the areas of emissions abatement, underground utility damage prevention, and waste heat recovery, MNGL said in a statement. "Upon signing this MoU, we would work to convert such identified opportunities into specific implementable projects," MNGL managing director Kumar Shanker said in the company statement. Houston-headquartered Heath Consultants Incorporated will also offer its technical solutions to support MNGL in gas line location services, underground utility damage prevention, waste heat recovery, and low-emission valves. As per the agreement, Heath shall support MNGL in improving ...

For the installation of CNG stations, storage facilities, pumping stations, etc., the licensee will need to independently obtain NOCs or permissions from the appropriate

Larsen & Toubro (L&T) on Tuesday said it has bagged another ultra mega offshore project worth over Rs 15,000 crore in the Middle East. Projects worth over Rs 15,000 crore have been classified under the 'ultra-mega' category by the company. "The Hydrocarbon Business (L&T Energy Hydrocarbon LTEH) of Larsen & Toubro (L&T) has secured a Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East further to the recent Ultra-Mega project award for a Gas Compression plant," the company said in a statement. The scope of work includes procurement and construction for a gas processing plant, consisting of inlet separation facilities and booster compression system, among others, in new onshore facilities and its integration with existing gas processing plants. Larsen & Toubro is a USD 23 billion Indian multinational, which operates in over 50 countries worldwide.

India is building a vast gas pipeline network and import facilities as Prime Minister Narendra Modi wants to raise the share of gas in the country's energy mix to 15% by 2030

Rashtriya Chemicals and Fertilizer (RCF) on Tuesday said it has won an arbitration award of Rs 173.72 crore from one of its contractors for the breakdown of two gas turbo generators (GTGs). The award was handed over by a single-member arbitral court which directed the contractor whose name was withheld by the company in an exchange filing. The contractor was also asked to repair and reinstate both the GTGs at the company's plant at their own cost under the defect liability clause. The arbitrator has also allowed RCF's claim for additional expenditure incurred on power and directed the contractor to pay Rs 173.72 crores with interest 10 per cent from the date of claim and a sum of Rs 95 lakhs as arbitration cost to the company.

Days after new gas pricing norms adopted by Centre, city gas distribution companies across the country announce price cuts for PNG & CNG

A govt-appointed panel of Kirit Parikh has recommended doing away with the norms where prices of natural gas are fixed in tandem with world markets. How will the reforms affect companies in the sector

Hungary will have enough gas this winter to supply its households and economy, Tamas Menczer, state secretary of the Hungarian Ministry of Foreign Affairs and Trade, has said

Analysts have lowered their earnings estimates, but have 'buy' recommendations for several stocks

GAIL (India) Ltd, the nation's largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing

With domestic production targets slipping, India needs to buy record quantities of the world's most polluting fuel at a time when prices are rising

It said the non-submission of the UCs means that authorities have not explained as to how funds were spent over the years and is fraught with the risk of misappropriation

The lack of storage infrastructure will weaken India's energy security and delay the transition to clean fuel

A major California gas utility must pay the state nearly $10 million and reimburse customers money it improperly spent on work related to the development of energy efficient building codes.

The Indian Gas Exchange, which opened for business last year, is waiting for regulatory reforms to achieve its mandate of expanding access to the fuel