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Gujarat Gas Company executes amendment agreement with GSPC

24 Mar 2014 Evaluate

Gujarat Gas Company (GGCL) has executed an amendment agreement on March 21, 2014 with GSPC for purchase of additional 0.2 mmscmd of RLNG for the period April 01, 2015 up to July 01, 2025. With this execution, GGCL secures 0.85 mmscmd of long term RLNG for serving demand in its operating area.

Gujarat Gas, a 65.12 per cent subsidiary of BG Asia, is India’s largest private sector natural gas distribution company in terms of sales volumes, with operations in Gujarat. The company distributes natural gas to domestic, commercial and industrial consumers, and compressed natural gas as automobile fuel, in the cities of Surat, Ankleshwar, Bharuch, and surrounding areas.

Peers
Company Name CMP
Petronet LNG 285.50
Linde India 6150.20
IRM Energy 268.05
Steamhouse India 111.03
Nilachal Carbo Metal 118.75
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