Chubu Electric Power Co.,Inc. | Chubu Electric and GAIL agree Memorandum of Understanding in Collaboration Study of Joint LNG Procurement - Press Releases(2014)
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Press Release 2014

Chubu Electric and GAIL agree Memorandum of Understanding in Collaboration Study of Joint LNG Procurement

March 24, 2014

Chubu Electric Power Co.,Inc.

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 is the largest gas distribution company in India where LNG demand is growing rapidly. Chubu Electric believes that this collaboration will contribute to more stable and flexible LNG procurement activity for the two companies, in Asian or world LNG market.

GAIL in Brief

Full name

Gas Authority of India Limited

Location

New Delhi, India

Representative

B.C. Tripathi, Chairperson & Managing Director

Investor

President of India: 57.35%, Foreign Institutional Investors: 17.02%, etc.

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