India Regulator Revokes Construction License for Gas Pipeline Project
India’s Petroleum And Natural Gas Regulatory Board (PNGRB) has terminated GAIL India Ltd’s license to construct the Surat-Paradip Project for failure to begin work in a timely manner. According to the board, the company had yet to commence work on the 2,112-kilometer natural gas pipeline, six years after receiving approval.
Under the terms of the order, GAIL India must also encash the full performance bank guarantee (Rs20 crore) previously issued for the project.
The decision to terminate GAIL India’s license for the Surat-Paradip Project marks the first such action taken in India since June 2012 when Reliance Gas Transportation Infrastructure Ltd’s license to lay the Kakinada-Basudebpur-Howrah pipeline, Kakinada-Chennai line, Chennai-Bangalore-Mangalore pipeline, and Chennai-Tuticorin line was revoked.
If built, the Surat-Paradip Project would have delivered 74.81 million standard cubic meters of natural gas per day, and been India’s first pipeline originating and terminating at a port.
Related News
Related News
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Comments