Key Developments: GAIL (India) Ltd (GAIL.BO)
14 Mar 2014
Latest Key Developments (Source: Significant Developments)
GAIL (India) Limited's Subsidiary And Andhra Pradesh Gas Infrastructure Corporation Private Limited's Joint Ventures Company Signs Project Framework With GDF Suez LNG UK Ltd
Andhra Pradesh Gas Distribution Corporation Limited (APGDC), a company jointly promoted by GAIL (India) Limited's GAIL Gas Limited (GGL) and Andhra Pradesh Gas Infrastructure Corporation Private Limited (APGIC) announced that it has signed a Project Framework Agreement (PFA) with GDF Suez LNG UK Ltd. for jointly setting up a Floating Storage and Regasification Unit (FSRU) in offshore Andhra Pradesh. Under the PFA, APGDC and GdF Suez shall jointly conduct a feasibility study and target commissioning of the FSRU project by the end of 2013. Full Article
GAIL (India) Limited announced that it has signed a Gas Transmission Agreement (GTA) with Information Technology Park Ltd (ITPL), Bangalore on March 28, 2012, for supply around 60,000 SCMD of natural gas. ITPL is likely to start consumption of natural gas early next year in their upcoming captive power plant with waste heat recovery for air conditioning. They are likely to shift their entire power requirement on gas based Co-generation for Cooling and Power. Full Article
NEW DELHI, Nov 20 - State-run GAIL (India) Ltd plans to sell 1 million tonnes of liquefied natural gas (LNG) per year sourced from the United States through its Singapore-based trading arm, the company said in a statement on Wednesday.