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Gail India in talks to buy stake in Tanzania gas block

New Delhi: State-run gas distributor Gail India said on Tuesday that it is in talks to acquire Ophir Energy’s 10 per cent stake in gas blocks in Tanzania. “We are in talks, irrespective of Singapore’s Pavilion Energy reportedly buying half of Ophir’s stake. We continue to be in dialogue,” said Prabhat Singh, marketing director for Gail, here on the sidelines of 8th Asia Gas Partnership Summit organised by the Federation of Indian Chambers of Commerce and Industry (Ficci).

The three gas blocks in offshore Tanzania are estimated to have around 15 trillion cubic feet of gas reserves.