State-owned gas utility GAIL (India) Ltd plans to exit its shale gas venture in the US, following in the footsteps of Reliance Industries Ltd and Oil India Ltd.

India's largest gas transportation and marketing company has floated a tender to sell its 20 per cent interest in Eagle Ford Shale Assets in Texas US, according to the tender document.

Bids have been invited by February 14 for the sale of GAIL's entire holding in the Eagle Ford.