Background

Every cloud has a silver lining and every adversity hides an opportunity. GAIL's Exploration and Production (E&P) unit was born in just such a scenario.

As the Indian Economy opened up around the year 2000, the business environment changed dramatically. For GAIL, liberalisation meant competition in our core business i.e. midstream and downstream national gas distribution   No longer could we rely on statutory support mandating secured sources of Natural Gas for GAIL. The reserves contained in existing contracted fields were fast depleting. The writing was on the wall that we had to find new sources.

Apart from securing sources for Natural Gas, there were other compelling reasons for GAIL to get into E&P:

• Integration in supply-chain
• Large gap in Gas demand and supply
• National Gas security
• Balancing of Business portfolio
• Global opportunity

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