Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
BUSINESS

GAIL to Venture into Gas Liquefaction Retail Sales

The company owns and operates a network of over 16,000 km of natural gas pipelines across the nation.

Gas Authority of India Ltd (GAIL) plans to transport and sell natural gas in unconnected areas to help promote the use of cleaner fuels in the country.

Prime Minister Narendra Modi wants to increase the share of clean fuels in the country’s energy mix to 15% by 2030 from the current 6.2%, as India aims to achieve net-zero carbon emissions by 2070.


To achieve this, companies are investing billions of dollars in natural gas infrastructure, including liquefied natural gas (LNG) import terminals, pipelines and the construction of LNG filling stations.

GAIL will pilot a portable liquefaction unit at two natural gas liquefaction sites, the company said in a statement on Wednesday.


“This will be the first of its kind to introduce a portable and scalable liquefaction unit in the country,” it said. Transporting LNG to regions with underdeveloped pipeline networks is easy. The ease of gas transportation will also facilitate the establishment of LNG filling stations and refuelling in the country.


Indian companies are building 50 LNG filling stations and a 6,000 km highway network linking four major metropolitan areas. The country plans to increase that number to 1,000 in the next few years.

Get Daily Prediction & Stocks Tips On Your Mobile