GAIL-EDF combine bids for Repsol’s Trinidad and Tobago LNG assets
State-owned gas firm GAIL (India) Ltd and US arm of France’s EDF group have placed a joint bid to acquire some of Spanish energy company Repsol SA’s LNG assets in Trinidad and Tobago.
‘‘We have placed a non-binding bid,’’ GAIL Chairman and Managing Director BC Tripathi told reporters here. Repsol has put on sale its gas assets in Canada, Peru and Trinidad & Tobago. Refusing to divulge details, Tripathi said the bids, which were submitted recently, were initial and non-binding in nature and GAIL-EDF combine will make a financial bid only once they are shortlisted.