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GAIL saves cost on sliding steel prices
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GAIL, a state owned gas company in India, has lined up several billion dollar investment in laying new natural gas pipelines, will get savings on project cost because of falling steel prices. The price for steel pipelines has fallen by over 50 percent so far in the international market. It will help GAIL a lot on cutting project cost for laying new natural gas pipelines. To get benefit from this trend at most, GAIL may divide fours sections of for this pipeline upgrade project. The four sections will bid by turns for different steel pipelines sellers from different countries to take the lowest bid price.
News Date
6/2/2009 6:17:22 PM
reported by
Sharon Hung
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