December 03, 2008

GAIL targets 81.5 MMSCMD of gas transmission in 2008-09

GAIL India Limited has signed annual memorandum of understanding with the government of India for performance targets of GAIL for the Financial Year 2008-09.

The MoU was signed by Mr MS Srinivasan secretary at union ministry of petroleum & natural gas on behalf of government of India and Dr UD Choubey CMD of GAIL on behalf of the company. Senior officials from the government and directors of GAIL were also present on the occasion.

During the Financial Year 2008-09, to achieve the excellence in performance, GAIL has been assigned a target for gas transmission of around 81.5 million standard cubic meters a day of natural gas from domestic sources and through LNG route. It includes the gas marketing target of around 70 million standard cubic meters a day. The MoU also provides for an excellent production target of 390 TMT of polymers and 1,260 TMT of liquid hydrocarbons.

GAIL’s performance will be assessed on key financial parameters and also dynamic and sector, enterprise specific parameters such as gas sourcing, E&P and coal bed methane, city gas projects, pipeline projects implementation, business development & globalization, safety, customer focus, quality management etc.