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Gail and Sumitomo sign MOU on energy and petchems cooperation

2:18 AM MDT | July 26, 2014 | Natasha Alperowicz

Gail India and Sumitomo, one of Japan’s largest trading groups, on Friday announced the signing of a memorandum of understanding (MOU) covering cooperation in gas procurement and petrochemicals. Under the MOU, Gail and Sumitomo will pursue business opportunities in the natural gas and liquefied natural gas (LNG) value chain globally, specifically covering cooperation in petrochemicals, natural gas procurement, pipelines, and LNG, the companies say in a statement.   Last year, Gail and Sumitomo each booked a capacity of 2.3 million tons at Dominion...

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