(BS)
India is likely to set up its ambitious gas trading hub by the first quarter of 2020-21, after the bifurcation of GAIL. The split is likely to take place by the end of this financial year. The Narendra Modi government is looking into a plan to unbundle the gas transmission and marketing business of GAIL. For the unbundling, the government-owned GAIL had entrusted EY as a consultant. According to a government source, GAIL and Oil and Natural Gas Corporation (ONGC) are likely to take equity in the planned gas exchange, which is a part of the natural gas trading hub.
