GAIL (India) has planned to exit its shale gas venture in the U.S. Bids have been invited by February 14 for the sale of GAIL's entire holding in the Eagle Ford. The transaction will be effective January 1, 2025.
GAIL had in September 2011 acquired its first shale gas asset in the US when it took a 20 per cent interest in Nasdaq-listed Carrizo Oil & Gas Inc's Eagle Ford Shale acreage for $95 million.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
