Member Info for Carolus

Here is the article:

Petroleum and Natural Gas Regulatory Board (PNGRB) said on November 6 that it had cancelled the bid process for Langtala-Jodhpur-Bhilwara pipeline “as the tariff quoted by GAIL (India) Ltd (as a sole bidder) was found to be excessively high, impacting the viability of the gas itself.” That very day, the board also invited bids for laying a new gas pipeline on altered route from Langtala to Pali via Jodhpur.

GAIL defends the high tariff, saying it was due to higher risk perception in the project, sources close to the company said. The pipeline was supposed to evacuate gas only from Focus Energy’s block in Langtala, Rajasthan and if the actual production from this were to fall short of expectation, as has happened in some upstream gas projects in the past, the proposed pipeline would end up with much less business than anticipated, they said, adding that higher tariff could have let company recover cost quickly.

https://economictimes.indiatimes.com/industry/energy/oil-gas/gail-regulator-at-odds-over-rs-1-5k-crore-pipeline/articleshow/72134936.cms?from=mdr

Yes, GAIL was quoting a gasprice too high in opinion of PNGRB

Gail argued that the price was correct in order to recover the amount that they would invest in the proyect due to the uncertinty of the capacyty of extract the amount of gas acording to the estudies.

Actually they applied for the extension since 24-feb2020, a couple days before the lockdown of COVID19.

The date is on the page 38 of the ADS reply from the proyect expansion:

"TOR letter no. J-11011/289/2009.-IA.II(I) dated 24.02.2020"

Also there´s this article where they mentioned it.:

https://www.petrowatch.com/synopsis.php?artId=18498&w=1

Https://www.rystadenergy.com/news/india-gas-demand-double-by-2040

The delayed maybe is due to a request of a expansion from 17 wells to 505 new wells and 5 new gas production facilities.

[LINK REMOVED]

Time will tell...