GAIL India Ltd., the state-owned LNG importer and natural gas pipeline grid and city-gas operator, reported a halving of net profits for the fiscal year as Russian LNG supplies resumed and it considered taking a stake in a US export project.

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Gas Authority of India, the grid and natural gas pipelines operator and the second-largest importer of LNG after Petronet, has just brought in a new Managing Director and Chairman at a time when Indian energy strategies are expected to be revised with a more urgent focus on natural gas.

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Gas Authority of India (GAIL), plans to enter the small-scale LNG production market to cater for off-grid locations and the transportation and bunkering sectors with prospects of expansion while also seeking long-term LNG import agreements.

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Gas Authority of India (GAIL), the nation’s main natural gas pipeline operator and a leading LNG importer with US volumes from Cove Point in Maryland and also contracted from Russia’s Gazprom, reported record results and aimed to tie-up more gas supplies under contract to cover growing demand.

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Mitsui OSK Lines, The Japanese shipping company with an operating fleet of almost 100 liquefied natural gas carriers, has held a virtual naming ceremony for the latest newbuild to be chartered to Gas Authority of India (GAIL), the leading LNG importer.

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Indian Prime Minister Narendra Modi will formally open the long-awaited 450-kilometres natural gas pipeline from the Kochi LNG import terminal in the southwest state of Kerala to the port city of Mangaluru in the state of Karnataka further north.

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