(EnergyAsia, March 31) — India’s main gas company GAIL Limited and Bangladesh’s Cosmos have signed a Memorandum of Understanding to co-operate in the developing NGL fractionation, gas processing and LPG projects in Bangladesh.
GAIL said it will undertake the projects on a “Build Own Operate and Transfer” basis or any other basis as offered by the government or state agencies of Bangladesh.
COSMOS will develop business opportunities involving GAIL’s expertise in the areas of gas processing, LPG production, distribution and marketing for other private and public sector companies in Bangladesh.
The two companies will also offer consultancy services to state Petrobangla and its subsidiaries as well as other companies for design, development, operation and maintenance of NGL fractionation, LPG and gas processing plants.
Bangladesh-based COSMOS is engaged in oil and gas exploration, transmission and distribution, petroleum geology study, project management, construction and commissioning, power generation, transmission and supply of related equipments and other energy sector projects with emphasis to developing natural gas infrastructure projects in Bangladesh.
GAIL is focused on all aspects of the gas value chain including exploration, production, transmission, extraction, processing, distribution and marketing of natural gas and its related process, products and services.