GAIL signs pact with Russia’s ITERA

GAIL signs pact with Russia’s ITERA
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First Published: Thu, Feb 14 2008. 10 41 AM IST
Updated: Thu, Feb 14 2008. 10 41 AM IST
Mumbai: India’s state-run gas utility GAIL (India) Ltd has signed an initial deal with Russian gas producer ITERA to jointly develop city gas supply and petrochemicals projects in Russia and the CIS countries.
The two firms would also jointly seek exploration and production opportunities in Russia and its nearby region, the Indian company said in a statement late on Wednesday.
In November, U. D. Choubey, chairman, GAIL, had said the company was in talks with ITERA for setting up a compressed natural gas network in Moscow.
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First Published: Thu, Feb 14 2008. 10 41 AM IST
More Topics: Gail | ITERA | gas | CIS | Russia |