The Hindu Business Line : GAIL, Petro-Bangla to bid for Bangladesh block

Addressing a press conference here on Tuesday, GAIL's Chairman, Mr P. Bannerjee, said that the company would form a consortium with Petro-Bangla and a few smaller private sector companies in Bangladesh to explore opportunities in the upstream sector.

GAIL has also proposed to carry out a feasibility study for monetising stranded gas from an isolated island in Bangladesh. The gas reserve is not yet determined.

Having expertise in the gas pipeline sector, GAIL has also proposed the preparation of a feasibility study for the transportation of imported LPG from South Bangladesh to Northern Bangladesh through a pipeline.

"Bangladesh has five LPG bottling plants, of which four are located in the South or South Eastern part of the country nearer to the ports. For adequate supply of LPG in the northern part, the Bangladesh Government now wants to put up bottling plants. We have proposed to carry out a feasibility study for transporting the imported LPG to the proposed bottling plants," Mr Bannerjee said.

GAIL has also offered its technical expertise in setting up CNG stations in Dhaka. "If required, we may also pick up a stake in the company, which would be managing the CNG distribution and retailing system," he said. GAIL has already entered into an agreement with Ashok Leyland for putting up CNG stations in Iran.

On bringing gas from Myanmar to India, Mr Bannerjee said that a decision on the route of the proposed pipeline should be taken by next year. "In all probability, gas will start flowing into India in 2008 end or early 2009."

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