Mumbai/Durgapur, 29th Jan 2021: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), today said it had filled and dispatched the first ever Compressed Coal Bed Methane (C-CBM) Natural Gas cascade truck for Bengal Gas Company’s maiden CNG station, to be supplied by state-run gas major GAIL (India) Ltd, thus fulfilling its promise of providing clean energy and green fuel to the city of Kolkata, in support of steps towards reducing vehicular pollution in the metro.
EOGEPL, an investee company of Essar Global Fund Limited (“EGFL”) and is India’s largest operator of unconventional hydrocarbon acreages. EGFL’s investments in EOGEPL are a part of its investment portfolio in exploration and production businesses which are increasingly focused on clean energy. The Coal Bed Methane (CBM) gas is widely seen as the green fuel of this century as the energy transition happens in the world.
“This is a momentous occasion for us at EOGEPL, as we take the first step towards fulfilling our promise to the people and the government of West Bengal. Our Coal Bed Methane gas, a clean and green fuel, is a turning point towards helping the state in its journey to reduce air pollution amongst the community. In line with the country’s vision, as we transform into a gas based economy, we are committed to increasing indigenous clean energy share in our energy mix, address issues of climate change and support an Aatma-nirbhar Bharat” said Mr. Santosh Chandra, CEO, EOGEPL.
The C-CBM Natural Gas cascade truck was flagged off by Mr. Satyabrata Bairagi, CEO, Bengal Gas Company and Mr. Chandra from EOGEPL’s gas compressor facility, Durgapur earlier today to the city gas distribution firm’s CNG station to be commissioned in Kolkata.
“The GAIL Urja Ganga gas pipeline, when commissioned next month will eventually become the energy lifeline of homes and industries in West Bengal, and EOGEPL is committed to provide un-interrupted gas supply to the customers,” said Mr. Chandra.
The Raniganj East CBM Block in West Bengal is a flagship asset of EOGEPL with a significant volume of CBM gas resources. Raniganj block is today a showcase of CBM development in the country and has a slew of customers who continue to depend on the supply of CBM gas to sustain their own businesses.
The Raniganj CBM field has 348 wells, associated Gas Gathering and Compressor facilities and about 300 km of infield and customer pipelines.
The Kolkata city gas distribution network is spearheaded by Bengal Gas Company, a joint venture between GAIL India and Greater Calcutta Gas Supply Corporation. The prestigious Urja Ganga pipeline project of GAIL includes supply of CNG and piped natural gas to domestic and industrial consumers across Kolkata city and parts of the adjoining districts of North 24 Paraganas, South 24 Paraganas, Howrah, Hooghly and Nadia.
EOGEPL is one of the largest E&P companies in India primarily focused in the domain of Unconventional Hydrocarbons (UHC) having a resource base of 15 TCF (Trillion Cubic Feet) CBM and shale gas resources. EOGEPL has so far invested in excess of Rs. 4,000 Crores in exploration to commercial development of the Raniganj CBM Block. The company is a pioneer of Unconventional HC in India with about 25 years of experience in E&P of CBM. EOGEPL’s Raniganj CBM Block is the first CBM Project in India to cross the threshold of 1.0 million cubic metres of gas production. As on date the project is commissioned with 348 wells and a state-of-art indigenous infrastructure facilities.
About Essar Capital
Essar Capital Limited (“Essar Capital”) is the investment manager of Essar Global Fund Limited (“EGFL”). It monitors and manages the entire portfolio of investments owned by EGFL.
EGFL is a global investor, owning a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure (comprising Ports and Stanlow Terminals), Metals & Mining, Services & Technology (comprising Shipping, Oilfield services, Projects, Technology Solutions, Device protection and Customer experience). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses. The portfolio companies have aggregate revenues of about USD 14 billion and employ over 7,000 people.
Manish Kedia, Senior Vice President – Corporate Affairs, Essar
Phone: +91 98197 30092, Email: Manish.Kedia@essarcapital.com
Trupti Sakpal, Phone: +91 99308 96738, Email: email@example.com
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