September 11, 2018 / 4:58 AM / 2 months ago

GAIL India says aims to add 5,500 km gas pipeline in 3 years

The logo of India's state-owned natural gas utility GAIL (India) Ltd is pictured on its corporate office building in New Delhi, April 26, 2018. REUTERS/Adnan Abidi/Files

NEW DELHI (Reuters) - Indian gas firm GAIL (INDIA) Ltd aims to add 5,500 km gas pipelines to boost its capacity by about 50 percent in the next 3 years, its chairman said on Tuesday.

India wants to raise share of natural gas in its energy mix to 15 percent in next few years from about 6.5 percent as the world’s third-biggest oil importer and consumer wants to cut its massive import bill and reduce its carbon footprint.

In a written statement to shareholders, B.C. Tripathi said GAIL has also booked 1.5 million tonnes a year regassification capacity at Dhamra LNG terminal in eastern Odisha state.

The company’s current annual gas marketing portfolio comprises 14 million tonnes, he added.

Reporting by Nidhi Verma; Editing by Malini Menon

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