GAIL (India) Ltd, a government-owned natural gas company, has signed a Memorandum of Understanding (MoU) with Shell Energy India to explore opportunities in different facets of the energy value chain.
The MoU envisages exploring prospects in the import and handling of different hydrocarbons which are important chemical and petrochemical precursors, LNG for road transport, regasification of imported LNG, renewables, etc.
“For GAIL, this is a step towards achieving improved sustenance in business operations,” stated GAIL.
In a bid towards diversification of the feedstock for its petrochemical plant, GAIL is looking to import ethane from ethane-surplus countries with matured export terminal infrastructure through water-borne transportation to India and transport it further through GAIL’s pipeline systems to demand centers.
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