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GAIL is India's major producer of propane, popularly known as GAIL Propane. It is an eco-friendly fuel and provides an effective way of reducing pollution and increasing productivity. GAIL produces and markets pentane. It is primarily being used for reprocessing into iso, normal and commercial pentane used in EPS, PU, and LAB industries.
The deal was initially expected to be finalized by 31 March 2020, [7] but the non-binding agreement was instead terminated in November 2020 due to low LNG prices adversely affecting the investment case. [8] On 6 February 2024, Petronet LNG signed a supply deal with QatarEnergy for 7.5 million metric tons a year of LNG from 2028 to 2048.
In India, nearly 28.5 million metric tons of LPG were consumed in the 2023-24 financial year in the domestic sector, mainly for cooking. [19] In 2016, the number of domestic connections was 215 million (i.e., one connection for every six people) with a circulation of more than 350 million LPG cylinders. [ 20 ]
The company started as a joint venture between GAIL, Bharat Petroleum and the Government of Delhi to implement a city gas distribution network. [ 3 ] The company went public in 2003, listing on the Bombay Stock Exchange and the National Stock Exchange .
HVJ an abbreviation for Hazira-Vijaipur-Jagdishpur (also known as HBJ where B stands for Bijeypur, another name of Vijaipur) is India's first cross state gas pipeline. The project was started in 1984 after the incorporation of GAIL (India) Limited to supply gas to the fertilizer plants located in the state of Uttar Pradesh. The first phase of ...
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where OP is the annual average Brent crude price for the previous FY, with a cap of $60 per barrel and a floor of $25 per barrel. [10] As the annual Brent price has always been above $60 from 2007 to 2014, the revised gas price at $5.61 during the year 2014 is in excess of the applicable maximum price by nearly 20%.