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Bloomberg
India’s largest natural gas pipeline operator has invited users to book surplus network capacity online as the country prepares to create a distribution hub that sets benchmark prices.
State-run GAIL India Ltd., which controls
70 percent of the nation’s network, launched a website for online bookings of pipeline capacity to ship gas across the country.
GAIL, with 11,400 kilometres (7,084 miles) pipelines, is investing 250 billion rupees ($3.6 billion) to add another 5,000 kilometres, Chairman Bhuwan Chandra Tripathi said. Greater sharing of infrastructure will allow quicker trading and movement of natural gas supplies and boost utilisation of GAIL’s pipelines. India, home to some of the world’s most polluted cities, is seeking to cut emissions and its oil import bill by doubling the share of gas in the energy mix to 15 percent.