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New Delhi March 7 GAIL (India) Ltd and Shell India have joined hands for facility sharing. The two have agreed to share GAIL's pipeline interconnectivity with Hazira terminal for gas supplies in the country.

According to a statement issued by GAIL, "The two companies have initialled a broad framework of agreement for cooperation, which will help evacuation of re-gassified liquefied natural gas (LNG) from Shell's Hazira terminal for supplies to GAIL's customers." Under the broad framework of the agreement, the two companies will now work out the modalities for transmission of re-gassified LNG through GAIL's pipeline, access of Shell's re-gassification facility to GAIL, and long-term arrangements with regard to gas supply and distribution.

The framework emphasises the need for both companies to examine the complementary nature of their facilities and build cooperation around them for mutual benefit. The agreement has the potential to provide gas to GAIL for utilising its transmission capacity while at the same time assisting Shell to evacuate its R-LNG. GAIL owns and operates a network of around 6,000 km of natural gas high pressure trunk pipeline with a capacity to carry around 140 MMSCMD of natural gas across the country. Currently, it transmits approximately 84 MMSCMD of gas through the cross country pipeline network.

More Stories on : Alliances & Joint Ventures | Petroleum | GAIL (India) Ltd

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