GAIL India is evaluating opportunities to invest at least US$1 bln over the next year or so to acquire larger shale gas assets, primarily in the US and Canada. The state run oil major could conclude a deal in the next six months. It acquired a 20% stake in Carrizo's Eagle Ford shale asset in America in September, where it will spend about US$300 mln over the next few years to develop the asset and train about 10 members of its upstream team to better understand the sector.
03-Nov-11 
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