PNGRB cancels GAIL’s licence for the Surat-Paradip natural gas pipeline

The Petroleum and Natural Gas Regulatory Board (PNGRB) has cancelled GAIL (India) Limited’s licence to build the Surat-Paradip natural gas pipeline. It has ordered the encashment of its Rs 200 million performance bank guarantee. This decision was made after GAIL failed to make any headway six years into the project.