GAIL India says aims to add 5,500 km gas pipeline in 3 years
NEW DELHI (Reuters) - Indian gas firm GAIL (INDIA) Ltd aims to add 5,500 km gas pipelines to boost its capacity by about 50 percent in the next 3 years, its chairman said.
India wants to raise share of natural gas in its energy mix to 15 percent in next few years from about 6.5 percent as the world’s third-biggest oil importer and consumer wants to cut its massive import bill and reduce its carbon footprint.
In a written statement to shareholders, B.C. Tripathi said GAIL has also booked 1.5 million tonnes a year regassification capacity at Dhamra LNG terminal in eastern Odisha state.
The company’s current annual gas marketing portfolio comprises 14 million tonnes, he added.
Reporting by Nidhi Verma; Editing by Malini Menon
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