GAIL targets for over 94 MMSCMD gas transmission in FY 2009-10

Signs Annual MoU with MoP&NG

GAIL (India) Limited has set a target of transmitting 94.8 MMSCMD of natural gas from domestic sources and through LNG route during FY 2009-10 under the Annual Memorandum of Understanding signed with Ministry of Petroleum and Natural Gas for performance targets for the Financial Year 2009-10.

The MoU was signed between Mr. R. S. Pandey, Secretary, Ministry of Petroleum & Natural Gas and Dr. U.D. Choubey, Chairman and Managing Director, GAIL yesterday. Senior officials from the Government and Directors of GAIL were also present on the occasion.

During the FY 2009-10, to achieve the Excellence in performance, the Company has also targeted for Gas Marketing target of around 83.2 MMSCMD. The MoU also provides for an ‘Excellent’ production target of 400 TMT of Polymers (HDPE & LLDPE) and 1,260 TMT of Liquid Hydrocarbons.

The Company’s performance will be assessed on key financial parameters and also dynamic and sector / enterprise-specific parameters such as Gas Sourcing, E&P and CBM, City Gas Projects, Pipeline Projects Implementation, Business Development & Globalization, Safety, Customer Focus, Quality Management etc. Parameters to assess Corporate Social Responsibility (CSR) have also been introduced for FY 2009-10.