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GAIL earmarked US$400 mln for its new Singapore trading office

November 07/2011

(Plastemart) -- GAIL (India) has earmarked US$400 mln for its new Singapore trading office to secure LNG and petrochemical product cargoes for delivery to India in 2012. The Singapore office will begin trading next month on getting all formal approvals. 90% of the trade would be in LNG from the initial start-up. GAIL is also building shale gas expertise through participation in projects in the United States.


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