GAIL is expected to expand its liquefied natural gas (LNG) portfolio to 20 million tonnes a year in the next seven years. The company plans to boost LNG portfolio via acquisitions and supply deals so that it can increase trading of the super-cooled gas.
The state run firm has already tied up supplies for nearly 15 million tonnes a year. But supply agreements on some of that capacity is set to expire in the next few years, after that it will have to strike fresh deals to replace that.
GAIL is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
