GAIL, EDF Trading eye joint US natural gas work

By OGJ editors

GAIL (India) Ltd., New Delhi, and EDF Trading, London, have signed a memorandum of understanding covering joint exploration and development in North America and trading and optimization of US natural gas and LNG.

India’s minister of petroleum and natural gas, present at the signing, acknowledged shale gas as the motivation for the agreement.

“The advent of shale gas in the US bodes very well for the global hydrocarbon landscape,” said the minister, Veerappa Moily. “This partnership is expected to look for business opportunities in this exciting space in order to enhance the oil and gas sourcing prospects for India.”
GAIL first acted on its interest in North American shale plays in 2011, when a subsidiary, GAIL Global (USA) Inc., acquired a 20% interest in the Eagle Ford acreage held by Carrizo Oil & Gas Inc., Houston (OGJ Online, Oct. 10, 2011).

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...