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In a statement GAIL said, “Under the agreement USTDA [will] provide a fund of US$690,000 while GAIL will contribute US$230,000 to assist in completion of the study which is set to be completed by June 30, 2006.”
“GAIL has already drawn up a blue print for setting up its ambitious National Gas Grid to link gas sources with consumption centres spread across the country with an estimated investment of around $US4.3 billion.
“The study will address the technical, economic, financial and environmental aspects of the national gas grid project along with issues concerning regulatory aspects,” it added.
