Online portal for Common Carrier Capacity booking on GAIL’s pipelines Platform is launched
Deepthi | Myequity news | Date : 27-08-2018 22:00:00 IST
In a first step to facilitate gas trading on Hub or exchange traded platforms in India, Hon’ble Minister for Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan, today launched an online portal for enabling easy, efficient and transparent booking of Common Carrier capacity for natural gas transmission services under GAIL’s pipelines.
Online portal is accessible on Www.gailonline.com and was launched in the presence of PNGRB Chairperson Shri D K Sarraf, GAIL Chairman & Managing Director Shri B. C. Tripathi, GAIL Director (Marketing) Shri Gajendra Singh, MoPNG Joint Secretary Shri Ashish Chatterjee and other dignitaries from Ministry and Regulatory Board.
The portal operates within the regulatory framework and is the first of its kind portal in the natural gas sector of India, to provide gas consumers the facility to register pipeline capacity bookings online and endeavors to continue the practice of serving on first—come—first—serviced basis.
“with this online initiative, GAIL has raised the standards of consumer experience for third-party access to natural gas pipelines to consumers in India. GAIL has been providing third party access to pipelines since 2004 and over 100—150 consumers small and large are routinely being serviced at any time, during the last few years.” said GAIL CMD Shri B C Tripathi.
Out of the total earmarked Common Carrier capacity in various GAIL’s pipelines, around 33% of the Common Carrier capacity was used by third party shippers during FY 2017-18. Under PNGRB guidelines, up to 25% of the total pipeline capacity is to be earmarked for Common Carrier capacity, i.e., for providing non-discriminatory open-access on first-come-first-served basis, for transporting third party gas for a period of less than one year.About GAIL India Limited:
Gail (India) Limited (GAIL) (formerly known as Gas Authority of India Limited) is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation. GAIL was conferred with the Maharatna status on 1 Feb 2013, by the Government of India.