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Tri-nation Energy Meet

Dhaka agrees to gas pipeline transit

MoU to be signed in Dhaka

Staff Correspondent
Bangladesh, India and Myanmar have agreed to co-operate in gas exploration and an overland pipeline project to pump offshore natural gas from western Myanmar to energy-hungry India through Bangladesh.
The understanding was reached at a tripartite meeting of the energy ministers concerned in Yangon that ended yesterday, accordingto a joint press statement received here through fax.
A techno-commercial working committee will be formed to identify the areas of co-operation, collaboration and investment to develop natural gas resources, infrastructure and marketing in the region.
The statement said an international consortium to be formed on the basis of a tripartite agreement would export the Myanmar offshore gas to India through a pipeline across Bangladesh.
The route of the pipeline will be mutually finalised ensuring each
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party's adequate access, maximum security and optimal economic utilisation.
Bangladesh and India will reserve the right to access the pipeline as and when required, including injecting and siphoning off their own natural gas. The details of the deal will be worked out on the basis of commercial agreements.
Bangladesh State Minister for Energy and Mineral Resources AKM Mosnarraf Hossain, Myanmar Energy Minister Brig Gen Lun Thi, and Indian Minister for Petroleum and Natural Gas Mani Shankar Aiyar represfented their respective govern-
ments in the meeting.
The ministers decided to hold the first meeting of the working committee within a month in Yangon. The committee will advise the governments on policy issues as well as those related to pipeline and access. It will also draft a memorandum of understanding at the earliest mutual convenience of the governments concerned.
The MoU will be signed in Dhaka.
The statement said the three countries also have agreed to set up an appropriate mechanism for cooperation between and among them to pursue their common goal of development for all the peoples of the region.
They have decided to pursue both trilateral and bilateral cooperation to promote, develop and implement projects and fora for augmented utilisation and develop ment of energy resources and related infrastructure in the region.
They will exchange relevant information to jointly promote energy surveys and develop upstream, downstream and other energy-related projects.