GAIL, as a part of its globalisation strategy, is pursuing various international business opportunities in the natural gas sector. Discussions between GAIL and China Gas on business opportunities in gas sector in China and neighbouring countries seem to have yielded results. China Gas has offered GAIL India Ltd. equity participation in a gas based petrochemical project in Humor, Inner Mongolia. China Gas holds concession rights for setting and operating CNG and city gas distribution projects in 48 provinces of China.
No details of cost or the equity offered by China Gas have been disclosed, though the feasibility study of the project is ready. GAIL is examining the offer and would participate in the project subject to favourable techno-economics.
GAIL entered the fast growing Chinese gas market by taking 10% equity in China Gas Holdings Ltd. GAIL is keen to participate in overseas natural gas transportation and gas processing projects, which would run on build, own, operate, and transfer (BOOT); build, own and operate (BOO); and engineering, procurement and construction (EPC) basis through joint venture or consortium route.
01-Sep-05 
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