GAIL (India) Ltd is getting aggressive on sourcing LNG from international market as well as acquiring overseas assets linked to equity gas/LNG through mergers and acquisitions. This is to meet the growing gas demand amidst limited domestic supplies. The company is looking at Asia, CIS countries, Africa and North America to expand its international portfolio in gas value chain.
The company also aims to foray further into gas-based power, renewable power and unconventional energy sources like shale gas, CBM and coal gas. During the current fiscal GAIL will set up over 115 MW of wind based renewable power projects at an investment of nearly Rs 700 crore in various states.
