GAIL signs gas coop agreement with Pondy govt

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New Delhi, Dec 11: Country's largest gas transmission and marketing company Gail India Ltd has entered into a gas cooperation agreement with the Puducherry government.

As part of the agreement, a joint exercise for assessment of the demand potential of natural gas and allied products in the Union Territory will be initiated and usage of natural gas/CNG/PNG/R-LNG will be promoted, a company statement said.

The gas cooperation agreement was signed yesterday by B C Tripathi, Director (Marketing) GAIL and T M Balakrishnan, Secretary, Industries of Commerce, Government of Puducherry, in the presence of Lieutenant Governor of Puducherry, Mukut Mithi, Industry Minister, Vaithialingam, Transport Minister, H F Shahjahan, Chief Secretary, Rakesh Behari and U D Choubey, Chairman and Managing Director, GAIL.

The various areas for co-operation include pipeline infrastructure for distribution of natural gas, liquid hydrocarbons, including LPG, promotion of joint venture for city gas distribution projects for domestic and transport sectors, the statement added.

The joint action between the two parties envisages setting up of a co-ordination group to study the demand potential of the Union Territory of Puducherry for R-LNG / CNG/PNG to prioritise and take up the specific areas project for implementation for chalking out stage-wise development of infrastructure, including for distribution of energy to the door-step of the consumers and to determine the modus-operandi for implementation of the projects through a Joint Venture (JV) of GAIL and Government of Puducherry.


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