Natural Gas Asia

Monday, May 30, 2016

Tokyo Gas, GAIL Plan JV for Gas Infrastructure

Japan’s Tokyo Gas and India’s state owned firm GAIL are in talks to form a joint venture to construct pipeline infrastructure and for supplying gas to the industrial hub and clusters coming up as part of the multi-billion dollar Delhi Mumbai Industrial Corridor (DMIC) project.

Hindustan Times has reported that GAIL plans to invest a substantial amount of capital in setting up gas-based power projects along with associated infrastructure facilities in the corridor.

GAIL is also planning to set up gas-based power projects jointly with the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC), the agency developing this corridor.

"Also, GAIL is talking to Tokyo Gas to form a joint venture company for the city gas distribution and CNG network along the proposed development nodes in DMIC," an official close to the matter told Hindustan Times.

Greater Caspian Weekly Overview (on NGE)