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<tbody><tr><td class="heading"><a href="http://www.business-standard.com/bsonline/storypage.php?bKeyFlag=BO&amp;autono=11228">http://www.business-standard.com/bsonline/storypage.php?bKeyFlag=BO&amp;autono=11228</a><br>
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China Gas offers GAIL stake in Mongolian project</td></tr><tr><td height="11"><br>
</td></tr><tr><td class="author">Press Trust of India / New Delhi&nbsp;August  31, 2005</td></tr><tr><td height="4"><br>
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<tbody><tr><td>Gas
Authority of India (GAIL) has received an offer from China Gas Holdings
to particiapte in a petrochemical project in Mongolia. 
</td></tr><tr><td height="5">&nbsp;</td></tr><tr><td>&quot;GAIL has received an
offer from China Gas Holdings for participation in a gas-based
petrochemical project, which is to be&nbsp; established in Humor, Inner
Mongolia,&quot; Proshanto Banerjee, chairman and managing director of GAIL,
said today.
</td></tr><tr><td height="5">&nbsp;</td></tr><tr><td>GAIL already holds 10% equity in China Gas Holdings.
</td></tr><tr><td height="5">&nbsp;</td></tr><tr><td>GAIL has also signed a memorandum of cooperation (MoC) with Engineers India (EIL) to jointly bid for overseas projects.
</td></tr><tr><td height="5">&nbsp;</td></tr><tr><td>According to a release
issued by GAIL to the BSE today, &quot;While the company will be responsible
for project management and financing, EIL will be responsible for
engineering and procurement.&quot;</td></tr><tr><td height="5">&nbsp;</td></tr></tbody>
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