PERSIAN GULF-ASIA LINE GAINS MOMENTUM

A proposed multibillion dollar pipeline to ship Persian Gulf natural gas to Asia has picked up more support. New members of a group sponsoring the Gulf-South Asia Gas Project are TransCanada PipeLines Ltd., Calgary, and the Brown & Root Inc. unit of Halliburton Co., Dallas. Lead sponsor is Crescent Petroleum Inc. of the United Arab Emirates. TransCanada signed an interim agreement to participate as a cosponsor of the proposed first phase, $3.2 billion (U.S.), 1,600 km transmission line and

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