Delhi MCD Election Results 2017

Source: media reports

Reliance, GAIL may set up venture to distribute gas

Reliance, GAIL may set up venture to distribute gas
Comment E-mail Print Share
First Published: Thu, Mar 15 2007. 04 14 PM IST
Updated: Thu, Mar 15 2007. 04 14 PM IST
By Manash Goswami, Bloomberg
Reliance Industries Ltd., India’s most valuable company, may set up a venture with GAIL (India) Ltd., the nation’s biggest distributor of natural gas, to sell the gas Reliance will start producing from its fields off the nation’s east coast.
The joint venture will build “trunk” pipelines to distribute natural gas into cities, GAIL India Chairman U.D. Choubey told reporters in New Delhi today, after the partners signed an agreement to distribute gas through pipes to households and vehicles in Indian cities.
GAIL is awaiting data on gas volumes from Reliance’s east coast gas discovery, he said.
Reliance and GAIL may also jointly explore for oil and gas, Choubey said.
Comment E-mail Print Share
First Published: Thu, Mar 15 2007. 04 14 PM IST
More Topics: Corporate News | Sector Spotlight |