(a) whether the Gas Authority of India Ltd. (GAIL) has signed a joint venture agreement
with China Gas Holdings Ltd.;
(b) if so, the details thereof; and
(c) the total investment likely to be made by GAIL?
(a) whether the Gas Authority of India Ltd. (GAIL) has signed a joint venture agreement
with China Gas Holdings Ltd.;
(b) if so, the details thereof; and
(c) the total investment likely to be made by GAIL?
MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DINSHA PATEL)
(a) & (b): Yes, Sir. GAIL signed a Joint Venture Agreement (JVA) with China Gas Holdings
Limited on June 26, 2007. Pursuant to the JVA, GAIL and China Gas shall form a 50:50 Joint
Venture Company only after identification of techno-economically viable project(s). The JV
company would pursue gas sector opportunities in China, particularly in the areas of city
gas and CNG projects,
(c) Investment by GAIL shall be based on the specific projects selected for implementation
by the JV.