(a) whether the Gas Authority of India Limited (GAIL) has drawn up a war chest of one
billion dollar for acquiring shale gas assets abroad and to pump 400 million dollar into
importing gas in ships and petrochemicals through its Singapore trading gas;
(b) if so, the details thereof; and
(c) the benefits likely to be derived by GAIL through this deal?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI R.P.N SINGH)
(a)to(c): GAIL, through its Merger & Acquisitions (M&A) Cell, is exploring opportunities
for acquiring participating interest in upstream/midstream assets outside India, for which
funding will be allocated on case to case basis. Further, at present, GAIL has no plans on
investing 400 million US dollars for importing of LNG and petrochemicals through GAIL Global
(Singapore) Pvt. Ltd. (GGSPL).