【New Delhi】GAIL (India) has proposed to lay a nearly 110 km natural gas pipeline from Jalandhar in Punjab to the Wagah border of India and Pakistan. The project would cost about R500 crore.
The proposal is likely to be formally placed before visiting Pakistan Prime Minister Nawaz Sharif, who attended the swearing in ceremony of Narendra Modi and his Cabinet in the Capital on Monday. GAIL chairman BC Tripathi confirmed that the proposal has been put forward.
○GAIL eyes foray into global LNG trading --FE
【New Delhi】GAIL (India), which has tied up LNG contracts from the US and Russia, is looking to expand its footprint into the global gas trading market.
The idea is that even if the Indian market for the fuel fails to live up to expectations, there would be an assured market overseas. “We have allocated 1 million tonne for Singapore to test out the international market.
We hope sizeable LNG would be absorbed in India. We have about six million tonne of LNG off-take right now. There is full flexibility for us on whether to bring it to India or sell it in the international market,” said GAIL chairman and managing director BC Tripathi.
○Sterlite Tech bags sixth UMTP project from Centre
【New Delhi】Sterlite Technologies on Monday said its arm Sterlite Grid has been awarded sixth ultra-mega transmission project (UMTP) on build-own-operate basis by the ministry of power.
"This Northern Region Strengthening Scheme project (NRSS 29) is a part of the National Grid and is designed to carry over 1000 MWs of electricity from Punjab to the Kashmir Valley," Sterlite Tech, a Vedanta Group firm, said in a statement without disclosing the contract amount.
【News source】
GAIL wants to lay gas pipeline from Punjab to Wagah border
GAIL eyes foray into global LNG trading
Sterlite Tech bags sixth UMTP project from Centre
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