Gail wgl

Hello sir, I’m members of GAIL. Is there any one can provide me detail about the agreement of GAIL with WGL?

[shikha]

The WGL Holdings, Inc has its headquartered in Washington, D.C., WGL Holdings, Inc is a leading source for clean and efficient energy solutions.

Through its affiliates and strategic relationships, the Company offers a diverse set of energy sources including natural gas, wind, and solar as well as a range of energy solutions - generation, storage, transportation, distribution, supply, and efficiency, with activities in 30 states.

Here is a agreement is signed by GAIL with WGL. The GAIL (India) subsidiary GAIL Global USA LNG was signed a sourcing agreement with the US-based WGL Midstream (WGLM) to buy about 2.5 MTPA of LNG at the Cove Point Terminal in Maryland.

The deal requires WGLM to sell up to 430,000 Dth/day of natural gas for about 20 years.

WGLM, which is a subsidiary of WGL Holdings, expects to purchase the majority of the natural gas through an existing arrangement with Antero Resources.

WGLM will have the option to acquire a 30% ownership stake in a 70 mile extension of an existing gathering pipeline system for about $150m.

The GAIL India Ltd is the nation's largest natural gas distributor, was signed an agreement with US-based WGL for buying about 2.5 million tonnes of gas for 20 years.

The GAIL Global USA LNG LLC is a subsidiary of the state-owned firm, signed a sourcing agreement with US-based WGL Midstream Inc for "procurement of natural gas required to produce about 2.5 million tonnes a year of LNG at the Cove Point Terminal located in Maryland, US,

Contact to:

WGL Holdings, Inc.
News Media
Ruben Rodriguez, 202-624-6620
or
Financial Community
Douglas Bonawitz, 202-624-6129