On 12 April 2006, Gail (India) signed
an MoU with Arrow Energy, Australia and Energy Infrastructure Group, Sweden for
cooperation in coal bed methane (CBM) projects in India, Australia and other
countries.
Gail plans to participate in CBM
blocks of Arrow in Eastern Australia, which are in different stages of
exploration, appraisal and development and may set a special purpose vehicle for
this. Gail has already received an offer from Arrow for participation in the
Australian project, which is being examined.
Gail has also shown interest in
working with Arrow across the entire chain from source to market, covering
exploration and production, processing and transmission and marketing of CBM, to
make it an integrated and sizable project.
Also See:
Gail
ropes Australia's Arrow for NELP VI (25-Feb-06)