GdF targets India for growth
Gaz de France wants to widen its presence in India.
“Nothing is excluded,†learns PETROWATCH. “Even exploration and production, or City Gas Distribution.
†Until now GdF has maintained a low-key presence in India, satisfied with its 10% stake in Petronet-LNG, and responsibility for O&M at Dahej. Expect that to change.
In October last year GdF appointed India-veteran and Petronet-LNG director Jacques Gautier to head its international division, with a mandate for growth. Will GdF participate in NELP-VII “GdF needs to understand the geology of India before it can participate,†adds a source.
“The deadline for bids is too early.†GdF is best known as Europe’s biggest gas transmission operator, but it also drills wells: in January 2007, it became operator for the first time: in the North Sea.
What of CGD in India “GdF needs to find a good partner,†we hear. “Among PSUs it has good relationships with GAIL, Indian Oil and Petronet-LNG – but it hasn’t excluded partnering others.
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