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Petronet signs pact to set up LNG project in Bangladesh
NEW DELHI . Petronet has signed an agreement to set up a $950 million liquefied natural gas import project in Bangladesh.
Petronet signed a MoU with with Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG on Kutubdia Island in Cox’s Bazar and lay a 26-km pipline to connect it to the consumption markets.
“We intend to start marine survey work this month and are targeting 2020 for completion of the project,” Petronet LNG CEO and Managing Director Prabhat Singh told PTI here.
Singh signed the memorandum of understanding with Petrobangla secretary Syed Ashfaquzzaman on December 30.
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