(EnergyAsia, March 29) — India’s gas major, GAIL Limited, said it has signed a Memorandum of Understanding with Bangladesh’s Business Development Corporation Limited (BDCL), to cooperate in building up Bangladesh’s gas transmission, pipelines and distribution networks. The MoU was recently signed by B S Negi, GAIL’s planning director, and A.K.M. Ruhul Amin, group vice president, BDCL, in the presence of Proshanto Banerjee, GAIL’s chairman and managing director.
GAIL will undertake gas pipeline projects on a Build Own Operate and Transfer (BOOT) basis or any other basis as offered by the Bangladesh government or authorised agencies in the country.
GAIL said BDCL will offer services for implementation of projects and provide support and coordination in obtaining all statutory clearances and approvals required for such projects. The two sides will jointly identify exploration and production opportunities in Bangladesh.
“BDCL will develop business opportunities involving GAIL’s expertise in gas transmission, distribution and marketing for other private and public sector companies in Bangladesh. BDCL and GAIL will offer consultancy services to Petrobangla and its subsidiaries and also to other companies for design, development and operation of natural gas pipeline networks including upgrading existing networks,” said GAIL.
Bangladesh-based BDCL is engaged in project management and consultancy services, oil and gas exploration and development, import and marketing of petroleum products, LPG storage, bottling and marketing and other related activities with keen interest in the development of 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. Today GAIL has additional interests in gas processing, petrochemicals, LPG transmission and telecommunications.