GAIL
- GOVERNANCE
News:
GAIL to build strategic
reserves by storing gas in depleted wells
What's
in the news?
●
India is looking at building its first
strategic natural gas reserves by using old, depleted hydrocarbon wells to
store the fuel and hedge against global supply disruption.
GAIL:
Governance:
●
In 1984, GAIL India was established by the
Indian government as a PSU (Public Sector Undertaking) underneath the Petroleum and Natural Gas Ministry.
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It is the largest natural gas refining and handling business in India.
●
In the definition, GAIL is included in NSE
(National Stock Exchange) and BSE (Bombay Stock Exchange).
Aim:
●
To accelerate and optimize the effective
and economic use of Natural Gas in Industries and CGD to the benefit of the
National Economy.
Objectives:
●
Distribution & Marketing
of Natural Gas.
●
Piped
Natural Gas for Domestic/ Commercial/ Industrial purposes.
●
Setting up of facilities for compression
of Natural Gas, laying of the pipelines from City Gate Station(s) to the
consumption areas and associated facilities, distribution points/retail outlets
for CNG/Auto LPG, transportation of gas through mobile cascades/lorries in the
various cities of India and along the national highways for
building CNG corridors.
●
Building gas business opportunities
through participation with Gas Producers/ Strategic partners for the
implementation of the downstream distribution projects.
●
Development of City Gas Distribution projects.
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Secondary distribution of NG/ RLNG to end
consumers.
Go
back to basics:
GAIL
Gas:
●
GAIL Gas is pursuing City Gas Business in
Andhra Pradesh, Karnataka, Rajasthan, Vadodara (Gujarat), Haridwar
(Uttarakhand), North Goa and Assam through its Joint Ventures.
●
It is also identifying various industrial
clusters along the pipeline corridor for distribution of Natural Gas in various
states.