Petrobangla signed a Memorandum of Understanding (MoU) with Hiranandani Energy (H-Energy) on Wednesday under which India will provide a long-term supply of re-gasified LNG to Bangladesh through a cross-border natural gas pipeline.
H-Energy to build and operate Kanai Chatta-Shrirampur natural gas pipeline connecting its LNG terminal in West Bengal passing through various regions of the state and further connecting to the Bangladesh border, Livemint reported.
Darshan Hiranandani, CEO of H-Energy said, "This is a key milestone in the future of Indo Bangladesh energy cooperation. Our objective is to deliver environmentally friendly, safe, and economical energy to the state of West Bengal and Western Bangladesh. Thanks to the efforts of all stakeholders, most permissions are in place and we shall see important milestone after milestone in this project happen at a rapid pace."
According to the H-Energy, it is the only company authorized by Petroleum and Natural gas Regulatory Board (PNGRB), the regulatory body in India, to lay a pipeline to the Bangladesh border.
HE Marketing Private Limited, a subsidiary company of H-Energy, will be responsible for sourcing LNG and for supplying R-LNG to Petrobangla.
In Bangladesh, Petrobangla will supply this re-gasified LNG to gas-based power producers and other gas consumers.