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GAIL subsidiary signs agreement to procure natural gas for liquefaction at Cove Point, US
GAIL (India) Limited today announced signing of a sourcing agreement between its subsidiary GAIL Global USA LNG LLC (‘GGULL’) and US-based company WGL Midstream Inc. (‘WGLM’) for procurement of natural gas required to produce about 2.5 MTPA of LNG at the Cove Point Terminal located in Maryland, US. WGLM is a subsidiary of WGL Holdings Inc., a prominent natural gas company of the United States.

Chubu Electric and GAIL agree Memorandum of Understanding in Collaboration Study of Joint LNG Procurement
Chubu Electric Power Company, Inc. (“Chubu Electric”) agreed a Memorandum of Understanding (“MOU”) with Gas Authority of India Limited (“GAIL”).
Under this MOU, Chubu Electric and GAIL will discuss the possibility of collaboration in joint LNG procurement and operations.

GAIL books capacity in the Cove Point LNG liquefaction terminal in the US
GAIL has signed a terminal service agreement with Dominion through GAIL Global (USA) LNG LLC for booking 2.3 mmtpa liquefaction capacity in the Cove Point LNG liquefaction terminal project located at Lusby in the state of Maryland. Dominion would be setting up the liquefaction facilities in the premises of its existing 11.7 mmtpa regasification terminal. Construction work is expected to start in 2014 so as to put the liquefaction facilities into service in 2017. Dominion is marketing 4.6 mmtpa and GAIL has booked 50% of such capacity for 20 years. A major Japanese buyer holds the balance capacity in the terminal. Cove Point will be a premier facility in terms of direct access to the Marcellus and Utica shale plays, two of the most prolific shale gas basins in North America.

GM&T Singapore delivers LNG cargo to GAIL
Gazprom Marketing and Trading Singapore (GM&T Singapore), a 100% wholly-owned subsidiary of Gazprom Marketing & Trading, delivered a liquefied natural gas (LNG) cargo for the commissioning of India’s Dabhol terminal.

GAIL commissions Dabhol LNG Terminal To double capacity to 10 mtpa
GAIL (India) Limited, the owner’s engineer of the LNG regas block of RGPPL, today successfully commissioned the Dabhol LNG terminal located at Ratnagiri, Maharashtra around 340 km south of Mumbai. Shri B. C. Tripathi, Chairman and Managing Director, GAIL, announced the development while interacting with the media in Mumbai and Delhi. The Dabhol LNG terminal would serve as a gateway for entry of natural gas to the southern and western parts of the country. The terminal is operated by RGPPL, a joint ventureof GAIL (India) Limited and NTPC as major share-holders and remaining equity being held by financial institutions and MSEB. GAIL,the commercial operator of the terminal, had arranged commissioning cargo for the terminal in December 2012.

Gazprom Marketing & Trading Singapore and Gail sign 20 year LNG supply deal
Gazprom Marketing and Trading Singapore (GM&TS), a 100% wholly-owned subsidiary of Gazprom Marketing & Trading, has signed a legally binding 20-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with GAIL (India) Limited (GAIL), following the signing of an earlier Basic Framework Agreement (BFA) by the two companies on 18 May 2011.

GAIL and GDF SUEZ sign LNG Supply Agreement
GAIL (India) Limited and GDF SUEZ have concluded a medium term LNG agreement for the supply of 12 cargoes by GDF SUEZ from 2013 to 2014, representing a total of 0.8 million tons.

GAIL Gas signs MoU with Andhra Government to set up LNG terminal on east coast
In a significant step towards ensuring the natural gas energy security for the county, GAIL Gas Limited, a wholly owned subsidiary of GAIL (India) Limited – a Navratna PSU, signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh on 12th January 2012 for setting up of an LNG terminal/FSRU along the state’s expansive sea coast.

Cheniere and GAIL India Sign 20-Year LNG Sale and Purchase Agreement
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP) announced today that its subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with GAIL (India) Limited ("GAIL") under which GAIL has agreed to purchase approximately 3.5 million tonnes per annum ("mtpa") of LNG from train four. Prior to the commencement of train four operations, GAIL will purchase bridge volumes of approximately 0.2 mtpa upon the commencement of operations of train two.

Carrizo Oil & Gas, Inc. Announces $95 Million Joint Venture Agreement With GAIL (INDIA) LIMITED
Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) today announced the closing of an unincorporated joint venture with a wholly owned subsidiary of GAIL (INDIA) LIMITED ("GAIL"). Under the joint venture agreement, Carrizo sold 20% of Carrizo's interest in approximately 20,200 net mineral acres leased by the Company in the highly prospective condensate zone of the Eagle Ford Shale for total consideration of $95 million, comprised of $63.65 million in cash and the assumption of an additional $31.35 million of Carrizo's future drilling and development costs ("drilling carry"). The cash proceeds from the transaction were used to reduce the outstanding balance under Carrizo's revolving credit facility. The consideration payable to Carrizo is subject to customary post-closing adjustments and indemnities.