Adani Total Gas: Amidst the war between Iran and Israel, a big news is coming for the general public of the country. Actually, Adani Total Gas Limited (ATGL) has not increased the prices of CNG and piped gas (PNG) supplied to homes. However, in view of the impact on gas supply due to the growing crisis in West Asia, the increased quantity of gas supplied to some big industrial consumers has been reduced.

A company official said that about 70 percent of ATGL’s gas is supplied from domestic sources, which is supplied to vehicles running using CNG and piped gas (PNG) used in home kitchens. In such a situation, it is a matter of relief that the expenses of vehicle owners and households in this segment will not increase.

Who will be affected?

ATGL is a joint venture between Adani Group and French energy company TotalEnergies. Apart from 70 percent, the remaining 30 percent of the company’s supply comes from imported LNG. It is supplied to commercial and industrial users. Currently, since the Strait of Hormuz has been closed due to war, even though domestic gas is becoming cheaper, the company has to buy this 30 percent share from the international spot market at higher prices. In such a situation, due to disruption in the imported fuel segment, commercial and industrial customers have been asked to reduce consumption by 40 percent of their contracted volume.

Limit set for companies

For industrial users who use gas more than the 40 percent limit, prices have been increased by almost three times. This rate has increased from Rs 40 per standard cubic meter to Rs 119 SCM. Companies will continue to be billed at their contracted rates, giving them the flexibility to shift to another fuel source if needed.

The spot price is high because the company has had to turn to other expensive sources to fill the shortage in the supply of LNG. Currently the spot price is $ 24-25 per mmBtu, whereas earlier it was around $ 10 per mmBtu (million metric British thermal units). In such a situation, the company is forced to increase prices for more than 40 percent usage.

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Adani-mbani deal: The country’s two veteran businessmen Mukesh Ambani and Gautam Adani have partnered to carry forward their business. Under this, both will carry forward the sale of automatic fuel. In fact, there has been a deal between Mukesh Ambani’s Joint Venture Reliance BP Mobility and Gautam Adani’s company Adani Total Gas Ltd-Atgl.

What happened in both companies?

Under this deal, petrol and diesel of Jio-BP brand will be available at some petrol pump of ATGL. Similarly, CNG stations of ATGL will be installed in some Jio-BP petrol pumps. This will increase the sale of fuel of both companies, both will also grow business and it will benefit the common man as it will give customers all three petrol, diesel and CNG at the same company’s petrol pump. This will also make it easier during the journey.

Under this partnership, the outlets to be installed in the coming time will also be covered by both the petrol pumps of both companies. Jio-BP has 1,972 petrol pumps across the country, while ATGL has 650 CNG stations. All these covers will be made.

Before this came forward for this work

This is the second time in recent times, when two business tycoon has come forward to do business together. In March this year, both of them came together for a power project in Madhya Pradesh. Under this, Reliance Industries bought a 26 percent stake in a power project in Madhya Pradesh, and Reliance also signed an agreement to buy 500 MW power.

Both did not come to each other

Where Ambani’s interest is spread from oil and gas to retail and telecom. At the same time, Adani’s focus ranges from ports to airports coal and mining. However, both businessmen have planned to invest billions of dollars in clean energy business. Where Adani Renewable Energy Mega Parks are being built and have also stepped into manufacturing solar modules and wind turbines.

At the same time, Reliance is constructing four gigafactory for solar panels, batteries, green hydrogen and fuel cells in Jamnagar, Gujarat. Reliance is also planned to create a renewable energy capacity in Kavra, Gujarat, where Adani is also making the world’s largest solar park with a 30 -gW capacity.

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