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CORRECTED-India's Gail has $1 bln ready to buy shale gas assets

Thu Jun 7, 2012 7:21am EDT

(Corrects name of company executive)

KUALA LUMPUR, June 7 (Reuters) - India's GAIL (India) Ltd has allotted nearly $1 billion to fund purchases of shale gas assets in the United States and Canada, Prabhat Singh, director marketing of GAIL India, said on Thursday. (Reporting by Luke Pachymuthu; Writing by Ed Davies; Editing by Edwina Gibbs)
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