GAIL achieves first ship-to-ship LNG transfer, reduces CO2 emissions

14 Nov 2023 CW Team

GAIL, India's leading gas firm, has accomplished the world's first ship-to-ship transfer of liquefied natural gas (LNG) with the aim of reducing shipping costs and lowering emissions. The state-owned entity is exploring innovative approaches to enhance its business.

It was revealed by company officials that GAIL has secured a contract for 5.8 million tonnes per annum of LNG, which is natural gas super-cooled to a liquid state, from the United States. The company transports this volume to India using LNG ships. Traditionally, these ships cover a distance of approximately 19,554 nautical miles for a round trip, transporting LNG from Sabine Pass in the US to India via the Suez Canal and Gibraltar. This journey spans about 54 days and results in the emission of around 15,600 tonnes of CO2.

Typically, emissions are managed through advanced technology or by altering the cargo's destination. However, GAIL's inventive contractual arrangement, leading to vessels following an optimised path, has resulted in a significant decrease in CO2 emissions.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..