NEW DELHI: GAIL is scouting for stake in LNG (liquefied natural gas) projects in the US and long-term supply deals as the state-run utility expects gas transmission volumes to rise on the back of expanding pipeline network.
The company also plans to spend Rs 30,000 crore in the next three years on expanding its network, city gas networks and petrochemicals capacity, chairman Sandeep Kumar Gupta told shareholders on Wednesday.
GAIL has teamed up with Greenline, a company backed by Essar group’s venture capital arm Exponentia Ventures, which is pioneering use of LNG for fuel line heavy-duty commercial vehicles.
