EDF, GAIL to Partner in Developing U.S. LNG Business

EDF Trading and GAIL today announced the signing of a Memorandum of Understanding (MOU) to jointly acquire and develop upstream oil and gas assets in North America and to partner in trading and optimization of US gas and LNG.

The MOU was signed on Saturday 2nd February 2013 in the presence of Dr. M Veerappa Moily, the Honourable Minister of Oil and Gas, Government of India. “The advent of shale gas in the US bodes very well for the global hydrocarbon landscape and 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”, he said.

Mr, B.C. Tripathi, Chairman and Managing Director of GAIL (India) stated that “This is an important occasion for GAIL and we are happy to enter into this strategic relationship with EDFT, a major player in the US gas market. GAIL has extensive infrastructure in the midstream and downstream gas value chain and we are well positioned to meet the growing domestic demand in India”

“There are significant opportunities in the North American gas markets and we are pleased to be partnering with GAIL, one of the world’s leading gas companies, in jointly developing this business”, said John Rittenhouse, Chief Executive of EDF Trading. “We are looking forward to building a long term relationship with GAIL”, he said.

LNG World News Staff, February 07, 2013

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >