Gail India Ltd wants to tie up with InterOil on second gas project
By YEHIURA HRIEHWAZI in
InterOil office in
“Yes, InterOil is in talks with Gail, but we do not comment on discussions until any transaction is complete,” spokesman on behalf of CEO and chairman Phil Mulacek said.
Gail’s chairman and managing director BC Tripathi made the announcement during a sideline press conference where a regional gas conference is in progress this week.
It received wide coverage by local media including the Calcutta Daily Telegraph and major financial websites like Bloomberg and Dow Jones.
He said Gail was planning to invest in gas infrastructure globally and is looking at projects in
“We are examining the possibility of having a stake in the Papua New Guinea LNG terminal,” Tripathi told reporters.
The state-owned firm is talking to Canadian firm InterOil Corp to buy a stake in its proposed liquefied natural gas project (LNG) in
The short-listed companies would be invited to build three major gas gathering plants and pipelines that would supply fuel to power firms.
Tripathi said: “In
The firm has a presence in city gas distribution projects in
“We are also exploring the possibility of expanding our city gas operations in