GAIL to develop Bangladesh retail gas market

By agencies   |   Tuesday, 15 February 2005, 08:00 Hrs
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NEW DELHI:Gas Authority of India Limited today signed a memorandum of understanding (MoU) with Bangladesh based Spectra International Ltd to cooperate in gas retailing and compressed natural gas (CNG) infrastructure in Bangladesh.

Under the MoU, signed by GAIL and Spectra, "GAIL will consider undertaking CNG and gas distribution projects on build-own-operation-transfer (BOOT) basis as offered by Bangladesh government/authorised agency in Bangladesh."

"Spectra will offer certain services required in the implementation of projects in cost effective and timely manner and provide necessary support and coordination in obtaining all the statutory clearances," GAIL said in a statement.

The state-owned gas infrastructure major and Spectra would also identify opportunities for setting up gas sector training facilities in Bangladesh.

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