Gail India Limited
Gail India Limited News
Following Finance Minister Arun Jaitley's February 2017 Budget announcement of creating integrated oil majors, IOC and BPCL had submitted separate proposals to buy the government's 54.89 percent stake in GAIL
Gas-surplus US at present allows exports of small amounts of natural gas. But with India's energy needs galloping, India has asked the US to export more liquid shale gas to help bridge its yawning gap between supply and demand.
The presence of shale gas has always been known, but extraction was not vigorously pursued because of high costs.