New Chairman and Managing Director, GAIL India ltd. Manoj Jain expressed to media that the company plans to invest an amount of 1.05 Lakh Crore in order to build infrastructure for the gas based economy over the course of next five years. It has planned to increase the layouts for gas distribution and also wants to increase the productivity of petrochemicals by considerable extent.
The central government wants to increase India’s reserve for safe energy to a total of 15 percent by the end of 2030 which currently stands at 6.2 percent. The new distribution lines are supposed to provide gas in the eastern and the north-eastern regions and will attend to the customer requirements in the south as well. GAIL India wants to develop the safe energy landscape in the country in a holistic way, thus covering every important region.
"We have planned a capex of Rs 45,000 to Rs 50,000 crore in laying pipelines, Rs 10,000 crore petrochemical capacity expansion and another Rs 40,000 crore for city gas distribution (CGD) business," he expressed to the media.
Prime Minister Narendra Modi is of the same opinion that more and more safe and clean energy distribution should be done by the respective institutions which will in turn lower the pollution level in the atmosphere. Usage of wide scale clean energy will also ensure the conservation of limited natural resources in the country.
An average of 160 million standard cubic meters of gas is being consumed by the country on an average everyday. The government wants to increase that rate to an average of 600 million standard cubic meters usage per day and GAIL India is helping the country to achive that.
12 pipeline networks, 160 Km each is currently maintained by GAIL across the country and controls almost two-third’s of the natural gas sold. Jain further expressd to the media that GAIL will be adding further 7000 kms of pipeline all across the country to strengthen the distribution network.
The company also wishes to increase its import capacity for LNG (Liquefied Natural Gas). GAIL owns Petronet LNG which is the largest importer of Liquefied Natural Gas and over that, it also operates and controls an LNG import facility of five million tonnes in Dabhol, Maharashtra.