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Gujarat Gas Limited [1] is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation. Established in 1980, and headquartered in Ahmedabad , [ 2 ] the company operates primarily in Gujarat .
Gujarat State Energy Generation (GSEG) is a company for power generation in Gujarat which operate Haziara Gas Powerplant commissioned in 2002. GSPC Pipavav Power Company is a company for implementation of a power project at Pipavav in Saurashtra region of Gujarat. It is jointly held by Gujarat Power Corporation Ltd. (GPCL) of Gujarat Government.
The natural gas purchase price from the natural gas producers, like ONGC, Oil India Ltd. and private companies, is fixed by the government based on prices prevailing in the US, Russia, the UK and Canada. [63] LNG price is linked to the prevailing crude oil price in global markets. [64]
Compressed natural gas (CNG) is a fuel gas mainly composed of methane (CH 4), compressed to less than 1% of the volume it occupies at standard atmospheric pressure.It is stored and distributed in hard containers at a pressure of 20–25 megapascals (2,900–3,600 psi; 200–250 atm), usually in cylindrical or spherical shapes.
An estimation to serve 50,000 households is planned to get PNG and almost 20,000 vehicles will be able to get CNG gas per year. It encompasses 40 districts and 2600 villages which will get the direct benefit. The project is estimated to get complete in 2020, after which people can get gas supply at their houses itself.
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The agreement gives 34.5 per cent of the equity in the project to the PNG State, significantly more than the 22.5 per cent for the TotalEnergies-led Papua LNG project or the 19.6 per cent for PNG's first gas project, PNG LNG. Exxon said it will work with the PNG government regarding their interest in additional equity in the project. [121]
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