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HC rejects GSPC’s plea on pool pricing of gas

HC rejects GSPC’s plea on pool pricing of gas
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First Published: Fri, May 16 2008. 11 16 PM IST
Updated: Fri, May 16 2008. 11 16 PM IST
Ahmedabad: The Gujarat high court on Friday turned down a plea by Gujarat State Petroleum Corp. Ltd (GSPC) against a Union government notification for pool pricing of long-term and spot liquefied natural gas, or LNG, by India’s biggest gas distributor, GAIL (India) Ltd.
GAIL had announced pooling prices of LNG landing at Petronet LNG Ltd’s Dahej facility, which was opposed by its customers GSPC and Essar Steel Ltd.
A senior GSPC executive said they would wait for the final copy of the judgment before going in appeal.
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First Published: Fri, May 16 2008. 11 16 PM IST
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