GAIL TO PURCHASE LNG CARGOES FROM GDF SUEZ

GAIL – Gas transmission firm GAIL secured a contract to purchase 12 cargoes of liquefied natural gas (LPG) from GDF Suez for the 2013-14 period. The agreement would provide GAIL with 0.8 m tonnes of LPG. The firms plan to jointly set-up a gas import terminal in India in which GDF would have a 26 percent stake in the project. (Moneycontrol)



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