August 10, 2022

GAIL makes its debut in the distributed LNG production sector; inventory slippage ~2%

GAIL (India) Limited plans to embark on distributed liquefied natural gas (LNG) production in a first-of-its-kind venture in the country, with the aim of meeting demand from off-grid sites and the transportation sector.

GAIL has ordered two small-scale liquefaction skids capable of producing pilot-scale LNG. The liquefaction will be carried out using mobile liquefaction skids based on proprietary technology. These plants will contribute to the distribution of natural gas by liquefying gas in new CGD areas, liquefying gas in isolated fields and assisting in the establishment of LNG refueling and bunkering stations. GAIL will be the first of its kind in the country to introduce portable and scalable liquefaction units.

The project aims to boost the Indian government’s targeted initiatives to increase the share of natural gas in the primary energy mix. GAIL is also in talks on manufacturing liquefaction skids in India.

By 09:40, GAIL (India) was trading at Rs131.55 down Rs2.1 or 1.57% from its previous close of Rs133.65 on BSE. The certificate opened at Rs133.30 and hit the intraday high and low of Rs133.65 and Rs131.20 respectively.