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/ -- AG&P Pratham, a leading player in the Indian City Gas Distribution (CGD) industry and the Government of Karnataka signed a Memorandum of Understanding (MoU) for the development of City Gas Distribution (CGD) networks to supply reliable, economical, and environment-friendly natural gas across fifteen districts of Karnataka. The MoU was signed during the Global Investors Meet 2022 being held in Bangalore from 2nd to 4th November 2022. Under the MoU, AG&P Pratham will invest INR 8,000 crores over the next eight years to build CGD networks in districts of Kolar, Mysuru, Mandya, Chamrajnagar, Hassan, Chikkamagaluru, Kodagu, Bagalkot, Koppal, Raichur, Kalaburagi, Vijayapura, Shivamogga, Uttara Kannada and Haveri. The area being developed by AG&P accounts for more than 55% of the state's geographical area and 42% of its population. Over the next 8 years, AG&P plans to build ~ 1000 km of steel pipelines, and ~5000 km of MDPE pipelines to bring natural gas to 5 million ...
Given the global energy crisis, Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world has seen countries moving to coal. Austria has already said, and todaythey are going back to coal, Sitharaman told a group of reporters from India during an interaction on Saturday. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after its invasion of Ukraine. In late April, Russia cut off gas supplies to Bulgaria and Poland after they refused Moscow's demand to pay for the deliveries in rubles, Russia's currency. Also, apart from that many countries in the West are moving away from coal to generate electricity as it contributes to climate change and air pollution. Responding to a question on her
Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of Germany-bound Nord Stream 2 pipeline under the Baltic Sea. Speaking at a Moscow energy forum, Putin again charged that the U.S. was likely behind the explosions that ripped through both links of the Nord Stream 1 pipeline and one of the two links of the Nord Stream 2 pipeline, causing a massive gas leak and taking them out of service. The U.S. has previously rejected similar allegations by Putin.