Mumbai: Gas Authority of India Ltd (GAIL) has
signed a joint venture agreement with Oil & Natural
Gas Corporation Ltd (ONGC) for transporting, processing
and marketing gas from ONGC''s production sites in the
KG and Mahanadi basins on the east coast.
joint venture will also enable production, processing,
transportation, distribution and marketing of gas from
new sources to identified markets.
the country''s largest gas transmission and marketing
company, said it is also keen on joining the $13-billion
trans-Saharan gas pipeline that will supply gas from
Africa to the European market.
have envisaged interest and are keen to participate
in the project," GAIL chairman and managing director
U D Choubey said.
built, the 4,300-km line would transport gas from the
Niger Delta in southern Nigeria through Niger and into
Algeria and Europe.
, Algeria, and Niger hope to start gas exports via the
proposed 18-25 billion cubic meters a year Trans-Sahara
gas pipeline (TSGP) in 2015.
would comprise a 48-56-inch pipeline from Nigeria to
Algeria''s Mediterranean coast at Beni Saf and subsea
pipelines of 20-inch between Beni Saf and Spain, according
to the feasibility report published by engineering company
pipeline has been on the drawing board for at least
20 years but hey said the project is feasible. Europe
expects to import 500 billion cubic meters of gas in