Gail, Gazprom in gas deal

GAIL India and Russian energy major Gazprom today entered into a strategic cooperation agreement under which projects would be taken up for the delivery of natural gas to India and opportunities for transnational pipelines would be explored.

Another agreement for undertaking construction, ownership and operations of gas pipeline projects in different countries in the world was signed by GAIL and Stroytransgaz of Russia.

Under the agreement with Gazprom, the two companies would also examine the applicability of "oil for gas" mechanism for the projects which are agreed for joint implementation.