India's Gail pens MoU with Shell on energy cooperation
Indian state-owned Gail has signed a memorandum of understanding (MoU) with Shell Energy India to explore opportunities in different facets of the energy value chain, it said on March 17.
"The MoU envisages exploring prospects in the import and handling of different hydrocarbons which are important chemical and petrochemical precursors, LNG for road transport, regasification of imported LNG, renewables, etc," the company said.
Gail is also looking to import ethane to India and transport it further through its pipeline systems to demand centres in the country. The company has a petrochemical plant at Pata, near Kanpur in Uttar Pradesh, and is also looking to set up another unit at Usar in Maharashtra, according to a report by Press Trust of India.
Gail is India's largest natural gas transportation and marketing company. It owns and operates a network of around 14,830 km of gas pipelines in the country.