In a landmark development to expand the natural gas footprint in eastern India, GAIL (India) Limited signed a Gas Cooperation Agreement (GCA) for Natural Gas Infrastructure and City Gas Distribution with the Department of Industries of the Government of Bihar.
GAIL has signed a terminal service agreement with Dominion through GAIL Global (USA) LNG LLC for booking 2.3 mmtpa liquefaction capacity in the Cove Point LNG liquefaction terminal project located at Lusby in the state of Maryland. Dominion would be setting up the liquefaction facilities in the premises of its existing 11.7 mmtpa regasification terminal.
GAIL has recently commissioned the Dabhol LNG terminal located at Ratnagiri, Maharashtra around 340 km south of Mumbai. The Dabhol LNG terminal would serve as a gateway for entry of natural gas to the southern and western parts of the country.
GAIL India has expressed interest in buying a stake in RGTIL (Reliance Gas Transportation Infrastructure Limited ). When asked about the same, the Chairman and Managing Director BC Tripathi stated that gas transmission is their core business and that they are evaluating the opportunities.
GAIL has signed a legally binding 20-year Liquefied Natural Gas (LNG) Sales and Purchase Agreement (SPA) with Gazprom Marketing and Trading Singapore (GM&TS). Under the terms of the agreement, GAIL will receive 2.5 million tonnes of LNG per annum (equivalent to approximately 130 million MMBtu or 3.5 bcm or 122 bcf per annum) over a period of 20 years expected to start from year 2018-19.
GAIL has signed Memorandum of Understanding (MoU) with UPSIDC, the local State agency for developing industries and industrial infrastructure, for the development of its new Plastic Park at Auraiya, Uttar Pradesh. This agreement was signed by Prabhat Singh, Director (Marketing), GAIL and Manoj Singh, Managing Director, UPSIDC in the presence of B C Tripathi, Chairman & Managing Director, GAIL.
GAIL plans to bring its new LNG (Liquefied Natural Gas) terminal at Dabhol, on the Indian west coast online by the end of 2014. Initially, the terminal will operate on only half of its capacity, which is 2.5 million tonnes per year.
Green light for GAIL's new power plant project in Punjab, India: The government of the state recently approved a 1,000-MW power plant to be set up in the state's Ropar district. Each plant will have capacity of 330 MW each.
Andhra Pradesh Gas Distribution Corporation (APGDC), a company jointly promoted by GAIL and Andhra Pradesh Gas Infrastructure Corporation, has signed a Project Framework Agreement with GDF Suez LNG for jointly setting up a Floating Storage and Regasification Unit for offshore operations of the coast of Andhra Pradesh.