Gail (India) may join a Gas Natural Fenosa-led consortium which is looking at snapping up Repsol’s stake in the Canaport LNG terminal in Canada.

Spanish outfit Gas Natural is evaluating an option to bid for compatriot company Repsol’s LNG assets.

As part of the sale, Repsol is seeking buyers for its 75% stake in Canaport LNG which has been valued at around 550 million Canadian dollars (US$562 million), according to The Times of India newspaper.

Gas