Oil ministry seeks approval to split GAIL; pipeline business may be sold later

NEW DELHI : The Oil Ministry has moved a cabinet note seeking approval for hiving off state-owned gas utility GAIL (India) Ltd’s pipeline business into a separate entity for a possible sale to a strategic investor at a later date, sources privy to the development said. GAIL is India’s biggest natural gas marketing and trading firm and owns more than 70 per cent of the country’s 16,981-km pipeline network, giving it a stranglehold on the market. Users of natural gas have often complained about not ‘fairly’ getting access to GAIL’s 12,160-km pipeline…

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