The Economic Times  12 hrs ago  Comment 
The revision would result in an increase of Rs 1.11 per kg in the consumer price of CNG in Delhi and Rs 1.27 per kg in the same in Noida, Greater Noida and Ghaziabad.
The Economic Times  May 16  Comment 
IGL said it will continue to offer a discount of Rs 1.50 per kg on the selling prices of CNG for filling between 12.30 am to 5.30 am at select outlets.
The Hindu Business Line  Feb 7  Comment 
Gujarat State Petronet Ltd (GSPL), a subsidiary of the state-promoted GSPC Group, has commissioned the Mandali-Becharaji pipeline to supply natural gas for manufacturing in the North Gujarat plants o...
The Hindu Business Line  Jan 22  Comment 
A major 8.0-magnitude earthquake struck Papua New Guinea today, the US Geological Survey said, with a tsunami alert issued for the Pacific island nation and neighbouring countries. The tremor stru...
The Hindu Business Line  Jan 17  Comment 
Indraprastha Gas Ltd is looking to diversify beyond its existing city gas distribution territory and move towards the small power generation business. In an interview to BusinessLine, IGL Managing D...
The Times of India  Dec 3  Comment 
Indraprastha Gas Ltd (IGL) on Saturday raised CNG and PNG prices as suppliers increased natural gas costs due to reduction of input tax credit to them.
OilVoice  Nov 17  Comment 
Santos today announced that it had signed an agreement to farmin for a 20 interest in Petroleum Prospecting Licence PPL 402 in Papua New Guinea. The interest will be acquired from both Oil Search
The Australian  Nov 14  Comment 
St Barbara has pulled the sale of its Papua New Guinea gold assets.
The Economic Times  Oct 2  Comment 
IGL is supplying PNG to nearly 4.8 lakh households in Delhi and over 1.9 lakh households in Noida, Greater Noida and Ghaziabad.


PAA Natural Gas Storage L.P. (PNG) (NYSE:PNG) operates and manages natural gas storage facilities. The company has doubled its storage facilities since 2005, having 40 Bcf as of 31 December 2009. It plans to increase total capacity by 70% to reach a total of 68 Bcf. The company sells its space to customers for a fee. [1]

The company has a contractual relationship with its customers. If there was increased competition in the space or expenses and costs rose, the company would have less cash flow. It faces the risk of not being able to pay the minimum distribution to common shareholders, general partner, and Series A shareholders. [1]

The company's initial public offering of stock filed on the NYSE exchange on 25 January 2010. The proposed offer price range is $20.00-$20.00. The company is offering 10 million shares and raising $200 million. [1]

In FY2009 with year ended 31 December 2009, the company reported $72.2 million in total revenue, up 46.7% from $49.2 million in total revenue for FY2008. Furthermore, the company had $24.0 million in net income for FY2009, up 22.4% from $19.6 million in net income for FY2008. [1]


  1. 1.0 1.1 1.2 1.3 PAA Nautlra GAs Storage L.P. S-1/A
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