
Rise Of India's Gas Economy
India is spending an astounding ₹3 lakh crore in nationwide pipelines, LNG terminals, city gas distribution and exploration to wean the nation away from coal to gas.
India is spending an astounding ₹3 lakh crore in nationwide pipelines, LNG terminals, city gas distribution and exploration to wean the nation away from coal to gas.
Following this, the stock of GAIL tumbled as much as 3.2% to hit an intra-day low of ₹88.
Petronet LNG envisions being a key energy provider to the nation by leveraging the company’s unique position in the LNG value chain along with an international presence.
With the government pushing for clean energy when domestic gas production is falling, and renewables yet to take off, importing it could be the only option.
The government appears to be profiteering from its CNG push rather than promoting it as a clean and efficient fuel. A change is badly needed.
Public sector enterprises are bleeding crores, and there seems no end in sight. Is there a case for these companies anymore?
GAIL’s boss believes the country is staring at a historic opportunity.