GAIL plans LNG terminal in Papua New Guinea

Last Updated: Mon, Mar 22, 2010 15:40 hrs

State-run Gas Authority India Limited is venturing into Papua New Guinea with a possible stake in a new Liquefied Natural Gas (LNG) terminal, a company official said Monday.

'We are examining the possibility of having a stake in the LNG terminal in Papua New Guinea,' chairman and managing director, GAIL, B.C. Tripathi told reporters here.

He was speaking on the sidelines of the two-day sixth Asia Gas Partnership Summit jointly organized by GAIL and Federation of Indian Chambers of Commerce and Industry.

'We are in discussions with Interoil... it is at a preliminary stage and I cannot say what stake GAIL can get,' Tripathi said.

He added that GAIL was also in partnership with multinationals Total and Shell to develop Nigeria's master gas plan.

Tripathi said in Ghana the company was in talks for processing and transportation of gas.

Besides, he said GAIL was also exploring the possibility of expanding city gas operations in Egypt.

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