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The Billionaire’s drive!

T. Boone Pickens is the billionaire who believes in Natural Gas. Born on 22nd May 1928, he began delivering newspapers at the age of 12. Today after 85 years he is the Chairman at BP Management and stands at a net worth of about $1.2 Billion, ranked 377th billionaire in USA, March 2013 (Forbes, http://goo.gl/2CXShh)

All through his life Pickens has made his own way. Driven by his love for people and the environment, his plans have always revolved around making America a self-reliant country. The billionaire is a thorough environmentalist, even when it comes to choosing his cars. Today apart from the S class 600 Mercedes he owns, he keeps a Honda Civic GX. He owns the Honda for his love of Natural gas, since it is the only Natgas vehicle available in the US, as off now! The Billionaire loves his drive and fuels his HONDA with his personal Natural-gas line, that costs him less than $ 1 a gallon!! He calls the Honda the “Pickens Plan Car.”

According to the article (http://goo.gl/iPFeMT), he is quoted saying,

Nowadays, I don’t drive all that much. I live a mile from my office. But I keep the Civic around. My kids drive it sometimes. You’d never know it wasn’t driving on gasoline; it feels just the same. I got it painted up like a blue sky with white clouds. To me, it looks like a beautiful day.”

In July 2008, Pickens, all-time oilman launched the ‘Pickens Plan,’ an $82 Million campaign. According to the PLAN, he intends initiating a drastic and fundamental change in the US energy system. The plan would help US bring down its dependence on foreign energy and introduce wind, solar energy, and steer the transport sector away from Oil, towards natgas. This plan shall address the OPEC Oil threat, stimulate the economy and make the future, emission free and eco-friendly!

Image Courtesy: www.facebook.com/Pickensplan

Natural gas

More than just fuel..

General Motors prepares the stage to launch the all-new 10th generation Chevrolet Impala next summer. The new impala is said to be bi-fuel, running on both gasoline and compressed natural gas (CNG). The car will be the second member to the club of “Producer manufactured CNG cars”, alongside the Honda Civic.

The car will have a push button allowing the driver to manually switch between gasoline and CNG. It is set to have up to 500 miles of driving range; 350 miles on gasoline and 150 miles on natural gas.

http://www.youtube.com/watch?v=yEVeEBSg7s4

According to Dan Akerson, Chairman and CEO, General Motors, the bi-fuel version is an attempt to reduce carbon emissions and reinstate their commitment to conservation.

 

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Facts you never Googled about Google

Each time you are left wondering about something, you “Google” it. From being a misspelled word to making its place in the oxford dictionary; Google’s achievements have been rather prominent over the years. Over time Google has introduced and acquired a number of brands and products. Youtube and Gmail being the most commonly used of the lot.

Since forever Google has been emphasizing that the ‘search engine’ is FREE!

Have you ever wondered how this process works and how much energy it intakes? Probably you have never “Googled” it! The company has thousands of data centers across the globe. But what really is interesting is the amount of energy that they draw for functioning.

According to a report by The New York Times, these centers burn around 260 MW of energy continuously. That amounts to about 0.013% of the earth’s total energy consumption. The amount of energy Google uses is one fourth of the output of a nuclear power plant.

Every single search on Google intakes about 0.3 watt of energy which is enough to light a 60-Watt bulb for 17 seconds. But that’s not all, because this figure multiplies with over a billion searches that happen over the world in a day. Just the search engine, which is regarded as a small fragment of the vast organization draws about 12.5 MW of energy.

“Googling” doesn’t seem FREE now, does it??

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Goa, Tomorrow is yours!

With hopes of a joint venture between GAIL and the Goa state government, piped dreams could turn into a reality. GAIL is currently in dialogue with the Goan government and plans to set up this venture for the distribution of PNG and CNG in Goa. GAIL is also speaking to the government regarding space to set up its office in Goa.

For this joint venture in Goa, GAIL is looking at the Kadamba transport corporation (KTC) to act as its distributor. KTC already has 14 bus stands in Goa and with another 4 planned for the year, which will serve as CNG supply points.

GAIL is a Maharatna company founded in 1984 and this year; in February it commissioned its 178-km long underground gas pipeline (cost of Rs. 800 crores approx..) from Gokak (Karnataka) to Goa (Vasco). As far as industries in Goa are concerned, GAIL already supplies 150mmscm (metric million standard cubic metres) gas to companies (example Zuari industries, Umicore and Reliance infrastructure limited) along the Sancoale-Vasco area. Aditionally, the PSE is laying a 28km pipeline to supply gas to Binani Glass at Colvale in Bardez taluka.

According to the article (http://goo.gl/EjCH0B), PNG has a big advantage over the present LPG, as it is cheaper, safer and environment-friendly. According to the article the price of the same amount of PNG in Goa will be cheaper compared to a gas cylinder in Delhi. GAIL is already supplying CNG in places like Madhya Pradesh, Mumbai, Delhi, Pune and Gujarat.

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Thiruvananthapuram at EASE!!

A great relief for people in the Capital of Kerala! After many complaints from the residents of Thiruvananthapuram a system for LPG checking has been put in place. This system will supervise and seal calibration units at Liquefied Petroleum Gas (LPG) fuel pumps in the State. The facility is situated at the Priyadarshini Planetarium and was inaugurated by Revenue Minister Adoor Prakash this Thursday.

According to the article (The Hindu, http://goo.gl/m6HQYx) the government has allotted Rs. 10 Lakhs for the project. Kerala is the 5th State in the country to implement this supervisory mechanism. This step would encourage using more of LPG powered vehicles thereby reducing carbon emissions. This is a positive move for the state and the people who use LPG. Along with a demonstration of the verification process given at the inauguration, the government will ensure maintaining a strict vigil on whether customers are being provided the right amount of fuel for the price they pay.

Facebook Fans

Congratulations! We are a 50,000+ strong family

We are proud to celebrate this moment with our 50,000+ fans who are now a part of the GAIL Facebook family. Thanks for making our journey so memorable with your love and support.

Hope you will continue to shower your affection, do share the good news with your friends and family by leaving a message in the comment box below

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Roadmap to a cleaner tomorrow

Transportation has proved to be a boon to the modern day life. From delivering our needs to our doors, to giving us a better travel experience, transport has revolutionized our world. However the flip side of this is the increased carbon emissions due to the large number of cars on the road. The transport sector contributes to 23% of global CO2 level emission. Introduction of natural gas to the road transport industry has invoked a noticeable change to our economy, apart from the many benefits of Natural Gas, it is definitely a cheaper alternative. Whether its a car or a bus or a truck, Natural Gas powers them all.

The Indian road transport sector is one of the largest in the world, delivering to the needs of approximately 1.1 billion people in the country. The sector’s contribution to the Gross Domestic Product (GDP) accounts to 5.5%. Road transport dominates the transport sector. Its shares tower to 90% of the passenger traffic in India and 65% of freight transport in the country. It is thus imperative that we adopt Natural Gas as an alternative fuel to power our freight. Considering the traffic and volume, it would make a considerable difference in the CO2 emissions in our environment.

In the same regard, GAIL has taken a step ahead. Wednesday the 9th of October was a day all Delhi GAIL employees took public transport to work. This is a great initiative and whats better than to lead by example. GAIL is walking the talk and is backed by Mr. Moily the union petroleum minister. Today Moily took the metro to work as well. This will have a great impact and influence on the population.

“Every Wednesday, I will use public transport. I have asked my official car to be lodged in the garage.”I also ask my public sector companies to use public transport at least once a week,” Moily told reporters just before boarding the Delhi Metro.Moily said “It will conserve energy, conserve dollar reserve, and sustain the value of rupee and credibility,”. He insisted on saving petrol as it will save the economy.”After three months, we will do an impact assessment survey to see if energy saving tactics have borne fruit. My target is to save $25 billion in Forex,” he added

Let’s welcome a Tomorrow that is naturally ours.

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A self-sufficient INDIA by 2030

According to an article (http://goo.gl/fHdZ7g) in the Business standards, October 7th, 2013 India is on the path of being a self sufficient Nation. The article states that India will achieve Oil and Natural Gas self-sufficiency by the year 2030. The plan for the same is said to be ‘in the making’ by the Vijay Kelkar Committee appointed by the Indian government.

As per the respective plan, 2020 will see a fall in the dependence on imported oil to at least 50%. Another 5 years would pull it down to 75% following which, 2030 would be the year of self-sufficiency for India. As per the same article, M Veerappa Moily (Union Petroleum and Natural Gas Minister) said “We have huge deposits of oil and gas in the country. But we need more private sector players to come forward and invest in new oil and gas exploration blocks. It costs Rs. 7 crores to dig a well and not many are ready to invest in the sector.”

This declaration of making the nation independent followed the announcement of 2 pilot projects by the Ministry of Petroleum and Natural Gas. The projects were aimed at allowing a LPG consumer to choose their distributor freely. Additionally 5 kg Gas cylinders were made available to select distributors (for the time being) at market price with minimum documentation. 24 cities have seen the launch of this ‘Inter Company LPG Portability Scheme’ and it shall spread to the rest of the country soon.

This is indeed a very optimistic move towards a better Nation. Tomorrow is naturally yours!

GAIL Annual General Meeting

Chairman’s Statement

Chairman’s Statement

for the 29th AGM of GAIL on 25th September, 2013

Dear Shareowner,

It is with a sense of pride that on behalf of the entire Board of Directors, I welcome you to this 29th Annual General Meeting of your Company. I feel honoured and privileged to share with you that your Company was conferred with the coveted Maharatna status on 1st February 2013 by the Government of India. This is the first AGM of your Company after becoming a Maharatna. Your Company is the Youngest Public Sector Enterprise (PSE) and one amongst seven PSEs who have attained this status. This is yet another recognition by the Government of India of your Company’s efforts and potential to emerge as the global energy major of India.

 

The Directors’ Report and the Audited Accounts for the year 2012-13 are already with you and with your permission, I take them as read. You will certainly share my sense of satisfaction at yet another year of robust growth of your Company. This performance is even more heartening given the subdued global and domestic economic environment.

 

Economic Scenario

 

During the year, the global economic landscape remained challenging. Europe continued to grapple with unsustainable debt burden while there were some positive signs of improvement in the US economy.

 

The year has been equally tough for the Indian industry also. The economy, impacted by lower GDP growth, mounting fiscal deficit and high Current Account Deficit saw slow momentum in infrastructure and energy sectors. Investment and capital expenditure by the industry slowed down. Inflation and depreciation of the Indian Rupee further aggravated the situation.

 

Since India is an energy deficit country, its import dependency is rising on a continuous basis. As a result, any fluctuation in international price of Crude Oil, which is interlinked with price of gas, stokes domestic inflation and Current Account Deficit. The volatility in Oil prices has been putting burden on the sovereign finances and also eating into competitiveness of the Indian economy. At the same time, energy plays a crucial role in achieving the social and economic welfare of over 1.21 billion people in the country. It is perhaps the most vital enabler for growth and development. However, a large majority of India’s people do not have access to clean and modern sources of energy. Thus, it is extremely important to meet our domestic energy needs adequately and affordably.

This places a big responsibility on your Company to not only secure adequate natural gas but also make it available to people and industries at competitive prices. As India moves forward in its journey to be a low-carbon economy, the emphasis on natural gas will rise further. Natural Gas currently comprises around 10% of India’s energy basket which may reach 15% by 2020. Accordingly, your Company is engaged in several initiatives to source gas from various suppliers worldwide.

Business Performance

 

I am happy to share that your Company has once again maintained its ‘Excellent’ performance rating under the MoU 2011-12 with the Government. Amidst an uncertain economic environment, your Company achieved a record turnover of Rs. 47,333 Crore in 2012-13, registering a growth of 18% against previous year. Net profit increased by 10% to reach Rs. 4,022 Crore. This sustained financial performance was driven by an increase in Natural Gas trading and better sales realization in Petrochemicals and Liquid Hydrocarbon business.

 

Maintaining a consistent dividend payment record, the Board of Directors of your Company have recommended the highest ever dividend payment for 2012-13. Earnings per share increased from Rs. 29 per share last year to Rs. 32 per share in 2012-13.

 

Your Company took several initiatives to meet India’s spiralling energy needs. Your Company added 1,300 km of new gas pipelines to its network during 2012-13, thereby increasing its pipeline network to 10,700 km having a capacity to transport 210 MMSCMD gas. With commissioning of two new pipelines, namely Dabhol-Bengaluru and Kochi-Koottanad-Mangalore/Bengaluru Phase-I, your Company has entered new markets in the southern states of Karnataka, Goa and Kerala. Commissioning of the PLL LNG terminal at Kochi will allow your Company to serve customers in Kerala also. Thus, your Company moved a step closer towards expanding its network to 15,000 km and 300 MMSCMD capacity by 2014-15.

The year 2013 began with successful commissioning of the Dabhol LNG terminal at Ratnagiri, Maharashtra by your Company as Owner’s Engineer. This LNG terminal will act as the gateway for supply of natural gas to the country’s southern and western parts. Your Company will be commercial operator of the terminal for the next 25 years. Your Company also entered into an understanding with Petronet LNG Limited for reserving 2.5 MMTPA exclusive capacity in the planned expansion of Dahej LNG terminal to meet the increasing demand of gas.

I am glad to inform that your Company is successfully moving ahead in its efforts to secure uninterrupted and competitive gas supply to meet the domestic market needs. The onset of current financial year marked the signing of a Terminal Service Agreement with M/s Dominion Cove Point LNG LP for booking 2.3 MMTPA liquefaction capacity in the Cove Point liquefaction terminal in the US. The US subsidiary of your Company has contracted half of Dominion’s capacity for 20 years. Your Company will now have access to 5.8 MMTPA of LNG linked to Henry Hub prices.

In another milestone for your Company, it executed a long-term Gas Sale and Purchase Agreement with Gazprom Marketing and Trading Singapore Ltd. for supply of 2.5 MMTPA LNG per annum from its Shtokman production facilities over a period of 20 years. Your Company is also pursuing the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline project for import of gas from Central Asia to India. To address the immediate concern of domestic supply shortage, your Company concluded two mid-term LNG supply agreements with Gaz de France of France and Gas Natural Fenosa of Spain. In addition, your Company continued to import spot cargoes during this financial year.

 

Your Company also signed an MoU with EDF Trading of the US for cooperation in the areas of North American upstream equity investments, gas supply to export facilities and LNG supply optimization. This will pave the way for first international trading operations of GAIL. I am pleased to share that your Company’s participation in the A-1 and A-3 offshore Exploration & Production blocks in Myanmar began generating revenue after the Consortium commenced production and sale of the gas to the buyers in July 2013.

In the downstream segment, your Company is currently doubling existing capacity at Pata Petrochemical plant. The project is expected to be completed by end of the current financial year. By 2015, your Company would have marketing rights for 1.7 MMTPA polymer. For handling such a large portfolio, your Company is strengthening its petrochemical trading capability as well as scaling up its distribution network. On the gas retail side, your Company is targeting 40-50 new Geographical Areas for City Gas Distribution through its subsidiary and joint ventures.

Your Company is taking a keen interest in the renewable energy sector particularly in wind and solar energy. It has graduated from being a captive producer to a commercial producer in the area of wind energy. Further, 5 MW Solar Plant was commissioned in February 2013 in Rajasthan under the Jawaharlal Nehru National Solar Mission.

 

Business Responsibility and Sustainable Development

 

Your Company’s roadmap for growth takes into account the creation of sustainable societal value in an environmentally responsible manner. During the year under review, it allocated around Rs. 92 Crore towards CSR programmes. During 2012-13, over 2800 under-privileged youth in remote areas of Madhya Pradesh, Gujarat and Andhra Pardesh were successfully trained in various job-oriented skills under Project Swavalambh while over 2000 slum-dwelling women were provided skills training under project Garima.

 

Under the Padho and Badho initiative, 7500 slum children were enrolled in the 250 Non Formal Education centres in and around Delhi. This will pave the way for their inclusion into the formal government school system. I am also happy to share that during last financial year, 23 students of GAIL Utkarsh programme for underprivileged children have made it to various IITs.

In the area of Health Care, over 2 Lakh poor patients in 240 remote villages of Uttar Pradesh and Madhya Pradesh have been provided free primary healthcare through our Mobile Health Programme. Through initiatives like these, we have touched the lives of lakhs of people around us.

 

Your Company released its second sustainability report for 2011-12 titled “Shaping the Future”. It evolved Sustainability Aspirations 2020 to set an overall direction for sustainability in the organization. Your Company also developed a green belt spanning over 17 million square metres, which is over 41% of your Company’s total landholding.

 

Corporate Governance

 

Your Company believes in enhancing stakeholder wealth by adopting best practices of corporate governance. For the 4th consecutive year, your Company received “NIL” comments from Comptroller & Auditor General of India for 2012-13. This underlines its commitment to the best accounting and disclosure practices. Your Company has been complying with the requirements of Corporate Governance as enunciated in the Listing Agreement and DPE Guidelines on Corporate Governance.

Your Company deploys the best-in-class technology to make continual improvement in its governance frameworks. It has adopted several new IT initiatives like implementation of Joint Venture Accounting system for Exploration & Production business on SAP platform. It initiated implementation of enterprise-wide Pipeline Integrity Management System for its cross-country pipeline network based on Geographic Information System.

Your Company’s role in building a sustainable energy future has been recognized time and again. It received several recognitions during the financial year 2012-13. Your Company was adjudged Company of the Year in three categories by Petroleum Federation of India i.e. for Oil & Gas Pipeline Transportation, Environmental Sustainability and Project Management. It also received various laurels in the area of occupational health and safety.

 

Looking Forward

 

Your Company has identified the key focus areas for growth in the coming decade. It aspires to emerge as a global hydrocarbon major with significant upstream, midstream and downstream interests by 2020. 

It will focus on maintaining leadership position in domestic gas and petrochemical businesses. To develop India’s gas market, your Company will continue pipeline network expansion and build new re-gasification capacity. It will strengthen trading capability further to address domestic and international markets. Focus will also be on acquisition of equity stakes in producing assets or liquefaction facilities abroad, international gas sourcing to meet short and mid-term requirements, and consolidation of E&P portfolio while developing technical expertise.

Your Company is also planning to venture in LNG shipping to bring the contracted LNG to India. In addition, it will continue to expand the City Gas Distribution network through Joint Ventures and Subsidiaries.

Your Company will intensify its efforts for sustainable growth. It has continued to display strong leadership to pursue higher regional cooperation amongst Asian energy companies on matters of mutual and long-term interest.

To meet the ever changing business requirements and to maintain sustainable competitive advantage, your Company is giving significant thrust on developing its human resources to their full potential. The process of aligning HR Strategy with Organizational Strategy is a continuous process in your Company.

The Maharatna status provides your Company with greater operational flexibility and higher empowerment to pursue business expansion and diversification in India and overseas. It will further empower your Company to play a pivotal role in the country’s socio-economic development, and expand its global footprint for enhancing India’s energy security.

Acknowledgements

 

On behalf of the Board of Directors, I take this opportunity to express my gratitude to all stakeholders including the Ministry of Petroleum and Natural Gas, Government of India, Petroleum and Natural Gas Regulatory Board and all departments of the Central and state governments for their co-operation and support and demonstrating their confidence in our abilities.

 

On behalf of the Board and the employees of your Company, I thank all our customers for their continued support and belief in us. I would also like to acknowledge the contribution of each and every employee in your Company’s achievements, and I am sure that their efforts will lead to significantly better performance in the coming years. I would also like to thank my fellow Board Members for their unflinching support and guidance.

 

Thank you once again, ladies and gentlemen.  

                                                                             B.C. Tripathi

   Chairman & Managing Director

25th September 2013

 

Note: Excerpts from the Chairman’s speech at the 29th Annual General Meeting held on the 25th September, 2013 at New Delhi. This does not purport to be a record of the proceedings of the Annual General Meeting.


GGSPLLaunch

Unveil the official website of GAIL Global Singapore Pte. Ltd.

GAIL is delighted to announce the launch of the official GAIL Global Singapore Pte. Ltd. (A wholly owned subsidiary of GAIL) website. Inaugurated by Smt. Lakshmi Panabaaka, Hon’ble Minister of State, MoP&NG, Government of India, the website is now LIVE! www.ggspl.com

GGSPL – A brief overview:

Incorporated in 2004 and operationalized in May 2012, GGSPL is an independent trading company that will participate in global LNG markets. With its presence across Liquefaction, Shipping and Regasification GGSPL will be sourcing spot cargoes for GAIL.

GAIL will provide GGSPL the necessary access to all its sources across the LNG Value chain in India and globally. The primary activities of GGSPL will be

  • LNG Trading
  • Risk Management
  • LNG Shipping

With a strategic location, strong portfolio and an open door to GAIL infrastructure, GGSPL is set to source all spot – cargo needs for GAIL in the future. While GGSPL will have close business transactions with GAIL, there will be complete commercial and operational autonomy through clear separation of activities.

The GGSPL Fact sheet is attached herewith:

http://ggspl.com/GGSPL_factsheet.pdf

To Download click here

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Coming together for World Peace

World Peace Day is a day that marks the absence of violence and the presence of brotherhood, alliance and harmony.

This World Peace Day, GAIL takes the opportunity to announce the AGPS (Asian Gas Partnership Summit) 2013, in an endeavor to acknowledge the spirit of unity amongst the nations of the world. The AGPS highlights the Asian Natural Gas market, said to be the 2nd largest by 2015, with 790 bcm of natural gas demand. These numbers signify growing transnational collaboration.

The AGPS is a platform for various Asian Natural Gas entities to unanimously step towards making the world greener, healthier, cleaner and sustainable. This effort is to bring along economic & social development that peace alone can assure.

With Natural Gas, Tomorrow is Yours!

Visit the official AGPS 2013 website @ http://www.agps.in/

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Natural Gas on TRACK – Say hello to a better Tomorrow

Natural Gas has been used to fuel vehicles since the 1930s. Today there are more than a million NGVs in India and the numbers are bound to increase. Leading companies such as Ford, Toyota, Mercedes and Audi are coming up with Natural Gas powered vehicles everyday.

Here is an example of how Audi came out with a car fueled by Natural Gas

 

Even the Buses today on the roads of India are transformed from what they used to be. The post below depicts how Delhi introduced the first CNG Hybrid bus years back.

 

Natural Gas has also taken over in the Airlines sector. As a clean fuel, Natural Gas also turns out to be more economical. The post attached shows the same

 

However, moving a step forward, the India Research Design & Standard Organization (RDSO), a research wing of the ministry of railways based at Lucknow, has started developing a prototype of Trains based on Liquefied Natural Gas (LNG).

Although the idea is not new and versions of Natural Gas locomotives have been tried and tested in different countries over time, including those run on propane, there has not been a remarkable shift towards the same.

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With the success of this prototype, India will make the switch. The technology will benefit the Indian Railways as well as our citizens in the following ways:

  1. Being a cheaper alternative, it will bring down operating costs (by 50%) and this will affect the spend on transport by its consumers.
  2. Environmentally, It will make the nation healthier and the future greener with lower emissions
  3. India has abundant resources of LNG for now and is also working on Importing quantities for the future and LNG terminals in India are on their way to being set-up on the east and west coasts
  4. Running on Natural Gas would amount to only 2.2 per cent of India’s annual natural gas consumption of 81 million tons and therefore be commercially feasible
  5. The trains would need lesser refueling compared to Diesel trains

Natural gas is definitely proving to be a promising fuel and it is visibly clear that not only will it help the environment but also the economy and directly or indirectly the people of our country. After all a stronger economy is the result of its powerful citizens. With Natural Gas, Tomorrow is Yours!!