GAIL Current Affairs - 2019
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India for first time has started process of importing Liquid Natural Gas (LNG) from United States. The development comes on the heels of India’s first import of crude oil from the US in October 2017.
State-owned GAIL will discharge its
The first US-sourced LNG shipment was imported by state-owned GAIL and was shipped it on board of its chartered LNG ship ‘Meridian Spirit’ from Cheniere Energy’s Sabine Pass LNG export facility in Louisiana. It will be discharged at GAIL’s Dabhol terminal, Maharashtra.
GAIL had signed 20-year Sale Purchase Agreement (SPA) with US’ natural gas exporter Cheniere Energy in December 2011. Under it, GAIL will purchase around 3.5 Million Tonne of LNG per year from Sabine Pass. Cheniere Energy is currently operating and constructing its Sabine Pass LNG facility in Louisiana and is constructing second liquefaction facility near Corpus Christi, Texas.
This shipment will help GAIL to diversify its portfolio both on price indexation and geographical locations. Moreover, this long-term SPA will also strengthening relationship between GAIL and Cheniere and reinforcing India-US trade ties.
India primarily imports LNG from Qatar and Australia under long-term contracts. In recent times, it has been trying to diversify its natural gas sources. Moreover, after former US President Barack Obama lifted US’s 40 year-old oil export ban, Indian oil and gas companies in response bought shipments of US crude to check for cost competitiveness and its compatibility with Indian refinery configuration. India is also trying to increase its use of natural gas in the energy mix from current 6% to 15% within five years inorder reduce dependence on oil and to secure energy supplies and reduce emissions by using more natural gas.
Tags: Busiess • Cheniere Energy • Economy • Energy Cooperation • GAIL
State-owned gas utility GAIL India Ltd has commissioned India’s second largest rooftop solar power plant in Uttar Pradesh. It is 5.76 MWp (Mega Watt peak) solar plant installed at GAIL’s petrochemical complex at Pata in UP. The plant has over roofs of warehouses covers a total area of 65,000 square meters.
It is expected to produce Peak Load Factor (PLF) of around 15% annually, over 79 lakh KWh of electricity is targeted to be generated for captive use of India’s largest gas-based petrochemicals plant.
Largest rooftop solar plant in India
India’s largest rooftop solar plant was commissioned in December 2015 by Tata Power Solar in Amritsar, Punjab. It is 12 MWp solar rooftop project, which produces more than 150 lakh units of power annually. It offsets over 19,000 tonne of carbon emissions every year.
India is planning to have 40 GW of rooftop photovoltaics (PV) by 2022. The Captive solar power initiative of GAIL will reduce carbon emissions by 6,300 tonnes per annum and help India achieve climate goals
Gas (India) Limited (GAIL)
GAIL is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. It has following business segments: natural gas, liquefied petroleum gas transmission, liquid hydrocarbon, city gas distribution, petrochemical, exploration and production, GAILTEL and electricity generation. It was conferred with the Maharatna status in February 2013 by the Government of India. Only six other Public Sector Enterprises (PSEs) enjoy this coveted status amongst all central CPSEs.