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India’s Gail looks to acquire US shale gas

by ChemOrbis Editorial Team -
  • 17/07/2015 (17:54)
In local media reports in India it was reported that the state-owned gas company, Gail, plans to acquire US shale gas assets. The company is reportedly planning an investment of $1.5 billion for a shale gas asset to meet gas needs in India and in other markets.

According to the report, Gail is looking to acquire an asset that can produce around 3 mil tons/year of shale gas. This will reportedly offset the price risk of current contracts in place to purchase 6 million tons/year of US LNG exports which are priced based on the Henry Hub conracts.
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