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Gujarat Assembly committee raps GSPC for 'over confidence'

The committee, which monitors state-run public sector undertakings (PSUs), in their report tabled in the House Tuesday pointed out several flaws in the process adopted by GSPC in acquiring the KG gas block through aggressive bidding.

Production from GSPC fields in KG basin faces delay

Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin.

Funds from debt-ridden PSU used for BJP's PR exercise: Congress

Congress on Wednesday alleged that hundreds of crores of funds from a debt-ridden Gujarat PSU were utilised last year for public relations of BJP at a time when Narendra Modi was made the Prime Ministerial candidate.

GSPC hikes CNG prices by Rs3 to all-time high

GSPC Gas, a part of the state-owned Gujarat State Petroleum Corporation (GSPC), has revised prices of CNG, which is used by vehicles, from Rs63.30 per kg to Rs66.30.

GSPC to spend Rs 2,000 crore on gas terminal at KG-Basin

The proposed terminal will process and supply gas from Deen Dayal West block in KG Basin in KG-OSN-2001/03.

GSPC seeks $14.2 per mmBtu price for KG basin gas

After Reliance Industries Ltd, Gujarat government firm GSPC has sought imported LNG price of USD 14.2 per mmBtu for the natural gas it plans to produce from KG basin fields by year-end.

BG firms up agreement to supply up to 2.5 MTPA LNG to GSPC

Under the agreement, BG Group will supply state government owned Gujarat State Petroleum Corporation (GSPC) with up to 2.5 million tonnes per annum (MTPA) of LNG, concluding the negotiations announced in September 2011, a company statement said.

Essar Oil, GSPC tie-up to commission CNG facility

Essar Oil and state-run Gujarat State Petroleum Corporation (GSPC) would commission a Compressed Natural Gas (CNG) facility at Botad in Bhavnagar, a statement issued by Essar Oil said.

GSPC plans to commission 5-MTPA LNG terminal in 2015-16

Gujarat State Petroleum Corporation (GSPC) plans to commission liquefied natural gas terminal with a capacity of 5 million tonne per annum at Mundra by 2015-16, a top state government official said Monday.