TODAY BUSINESS NEWS IN BRIEF

TODAY BUSINESS NEWS IN BRIEF

October 07
16:50 2016

Country’s state minister for power and energy Nasrul Hamid will meet Indian oil minister Dharmendra Pradhan in New Delhi on October 5 to discuss the issue. “Bangladesh will propose four-nation consortiums to import gas from Myanmar at the meeting on Wednesday,” senior government official Mir Mohammad Aslam Uddin told Daily Sun.

A Bangladeshi delegation will hold a series of meetings on the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, setting up an LNG re-gasification as a joint-venture between Petrobangla and Petronet LNG; and LNG imports from a private-sector Indian firm, Adani, the paper reported.

Myanmar’s gas exports to Thailand and China, its two main customers, have dropped in recent months and Dhaka feels Bangladesh could be a replacement as domestic demand is rising steadily. The government is working to meet the deficit by importing LNG and has begun work on building import infrastructure. In July, Accelerate Energy, Petrobangla and the Governments of Bangladesh signed the final agreement for the construction and operation of Bangladesh’s first LNG import terminal LNG.

Ref: GNLM, 6 October 2016

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