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(Current Affairs For SSC Exams) Economic Issues, Jan. 2013 - GAIL and RSPCL signed an Agreement
Economic Issues
January 2013
Topic : GAIL and RSPCL signed an Agreement of Joint Venture on Gas Supply Pipeline Project
The GAIL Gas Limited and the Rajasthan State Petroleum Corporation Limited (RSPCL) signed an agreement of Joint Venture on 5 November 2012 to lay down the natural gas supply pipeline in the state. Both the bodies will together formulate a long-term plan on commercial, domestic as well as industrial consumption of the gas. The agreement was signed by GAIL Gas Limited Chief Executive Officer J. Vasan and Ajitabh Sharma Managing Director of RSPCL in presence of C.K. Mathew, State Chief Secretary.
The joint venture would help in supply of pollution free LPG, CNG and LNG to consumers of different categories and would also be responsible for development of the CNG stations on the road sides of the state and national highways. The project would also supply the gas required by the industrial units that is coming up on the Delhi-Mumbai industrial corridor. The transport, supply and distribution of gas would be carried after getting approvals from the Petroleum & Natural Gas Regulatory Board.
