US company to construct Bangla-India gas pipeline
The American oil and gas giant UNOCAL corp. is working on a proposal to build a 1,000-mile long pipeline for export of Bangladesh's natural gas to India, a top UNOCAL official was quoted on Thursday.
The Ashuganj-Delhi pipeline development project, expected to be complete in five years, is estimated to cost $1.7 billion US, local UNB agency quoted UNOCAL chairman Roger Beach as telling a visiting group of Bangladeshi scribes at his office at Houston, Texas.
“UNOCAL experts are designing a potential export project for exporting 7.2 trillion cubic feet (tcf) of gas from Bangladesh to India in two phases in 20 years,” UNB said.
The pipeline project allocates two years for negotiating an agreement and obtaining financing and three years for constructing the pipeline and developing field for phase 1.
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