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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 Gamble in India’s Remote Northeast

Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL) have agreed to set up Arunachal Pradesh’s first state-wide City Gas Distribution (CGD) network, taking India’s natural gas expansion to one of its most sparsely populated and geographically difficult states. The licence, awarded under the 12th round of the Petroleum and Natural Gas Regulatory Board (PNGRB), covers the entire state rather than select districts, making it the first comprehensive CGD concession in India’s northeastern frontier. Structure and Infrastructure The venture will be operted as a 50:50 joint venture between the two state-run energy companies, with provision for the Arunachal Pradesh government to take up to 10 per cent equity. The network will include compressed natural gas (CNG) stations fo...

Indian Oil balances volatile margins with LNG hedges and Russian barrels

Indian Oil Corporation (IOC), India’s largest refiner, saw profit pressure in the June quarter as marketing margins fluctuated and inventory losses weighed. Revenues held near ₹2.22 trillion, but the numbers underlined how exposed state refiners remain to crack spreads and regulatory discipline. Operationally, IOC is leaning on term LNG contracts indexed to Henry Hub to hedge against volatile spot prices. Earlier this year it signed a five-year supply arrangement with Trafigura, ensuring baseload gas for its captive power and city-gas distribution. The company has also resumed purchases of discounted Russian oil as arbitrage widened, trimming feedstock costs at coastal refineries. Executives argue flexibility is key. “Securing a diverse crude basket is central to operational stabilit...