Morbi gets gas go-ahead! - November 9th 2006 (page 4)

"Pipelines are an integral part of the infrastructure required for the Natural Gas as well as LNG industry. With supply of gas slated to increase manifold in the coming years, the company's operations are also expected to grow. GSPL has achieved revenue of over Rs 90 crore during the year 2002-03, which is more than four-fold, increase over the last year's revenues," said a company official.

Significantly, GSPCL has found a rich reserve of gas and oil from the first well, it has been exploring in the Ahmedabad exploration block.

GSPCL which was awarded the block spread over 200 square km by the Government of India under its NELP-II scheme during June, 2001, has already initiated evaluation of the reserve and will finalise the commercial production plan in another week's time after it completes drilling another 200 metres to reach the bottom of the 2000 metre depth well.

The company also has found rich reserve of natural gas in the Krishna-Godavari basin and it also has been working together with Canada-based Niko Resources in another block.

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