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GAIL stabilises volumes and looks abroad for LNG diversity

19Apr

By Newscript News NetworkNo Comments

Oil & Gas Industry

GAIL stabilises volumes and looks abroad for LNG diversity

GAIL (India) Ltd reported higher quarterly profit on the back of steady transmission volumes and improved trading margins. Industrial demand for gas has held up better than feared, even as spot LNG prices remained volatile. The company’s mantra, executives say, is simple: move molecules first, seek arbitrage second. (more…)

Gas and aviation fuel tax reform tests GST Council’s resolve

Fiscal pressures and rising energy import dependence add urgency to long-standing reform debate. India’s GST Council convenes next week facing pressure to bring natural gas and aviation turbine fuel under its tax net — a decision that could reshape two critical sectors and offer relief from mounting fiscal pressures. The September 3-4 meeting will examine whether to end the anomalous treatment of both fuels, which remain outside the goods and services tax framework. Currently subject to a patchwork of state VAT and central excise duties, the arrangement has created what industry executives describe as a compliance nightmare. The timing couldn’t be more awkward. India’s energy import bill has climbed above $170bn annually with little sign of abating. With crude oil imports accounti...

GAIL readies for tariff decision, signs LNG deals with Vitol and CoolCo

By Newscript News Network August 21, 2025 Gas Authority of India Ltd (GAIL) is awaiting a crucial pipeline tariff decision from the Petroleum and Natural Gas Regulatory Board (PNGRB). The ruling, expected by early September, could reshape gas transport economics and impact margins for industrial buyers. Analysts say a higher tariff would boost GAIL’s revenue but may dent competitiveness of natural gas versus coal. In parallel, GAIL has strengthened its LNG portfolio with two long-term agreements. The company signed a 10-year supply deal with Vitol Asia for 1 MMTPA of LNG starting 2026. It has also entered a 14-year time charter with CoolCo for a newbuild LNG carrier, due to be delivered in early 2025. “These deals ensure GAIL’s access to flexible LNG supply while expanding its...