Gas Utilities

Utilities fastest growing industry for young professionals: LinkedIn report

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

IndianOil, Adani Gas JV to invest $300 million to double gas sales

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 launches drive to increase piped gas adoption

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 ..

MNGL inks tech deal with Heath Consultants for low-emission operations

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 ...

Haryana govt set to introduce comprehensive city gas distribution policy

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

L&T bags ultra mega offshore project worth Rs 15k cr in Middle East

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.

IGX hopes to launch contracts for LNG trading next month: CEO Mediratta

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

RCF's contractor to pay Rs 173.72 crore for breakdown of two GTGs

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.

Consumer prices of gas tumble as utilities slash PNG and CNG prices

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

How will the Kirit Parikh panel-gas reforms impact related companies?

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 supply for households this winter: Official

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

MGL, Gujarat Gas: Analysts see some silver lining for downstream gas stocks

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

Top headlines: BoE raises rates by most since 1995; GAIL Q1 net up 51%

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

Polluting, expensive: No end in sight to price India pays for imported coal

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

CAG calls for making officials accountable as J&K failed to submit UCs

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

Russia-Ukraine crisis: A lack of gas storage infra may come to haunt India

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

California gas utility fined $10 million for ratepayer money misuse

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.

IGX awaits regulatory reforms to meet mandate of expanding fuel access

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

Massive fire at ONGC's Hazira gas plant in Gujarat hits gas output

GAIL said about 30 MMSCMD of natural gas supplies into GAIL's north-western pipeline network was immediately shut by the upstream major to contain any further damage

Better consumption brightens growth prospects of gas utility companies

Fertiliser and city gas segments set to fuel growth; power demand may revive soon