By: ICN Bureau
Last updated : October 04, 2022 8:20 am
The company has carved out a robust petrochemical expansion move to further strengthen its business
GAIL (India) has considerable presence in renewable energy like solar and wind, and endeavours in new energy segments like: Hydrogen production, CBG, shipping, small scale LNG liquefaction, Gas/LNG storage, bunkering etc. to create a future energy landscape, said Sandeep Kumar Gupta after taking charge as CMD of GAIL (India) Limited. GAIL, he said, is well positioned with future ready ventures.
He further added that the company has carved out a robust petrochemical expansion move to further strengthen its business. The company is operating Gas Processing Units and LPG transmission networks, producing LPG and Liquid Hydrocarbon products.
After joining as CMD of GAIL, Gupta addressed the employees of the company and recognized the balanced business portfolio of the company built over time and overall contribution to development of natural gas sector in the country, the contributions of his predecessors and support of stakeholders including Ministry of Petroleum & Natural Gas and employees, which have played a key role in the growth witnessed by GAIL over the years.
He mentioned that the company is aligned with the Government's vision of having a gas-based economy wherein the share of natural gas in the energy mix is to be taken to 15% by year 2030.
He expressed his confidence in the outlook of the company which is relentlessly professing its growth path in the natural gas value chain. The company which had started with a single pipeline project in 1984, now owns and operates a truly diversified business portfolio including over 14,500 km of Natural Gas Pipeline Network, and an LNG Sourcing portfolio of around 14 MTPA.