State-owned Indian Oil Corp. Ltd is planning to adopt a new way of supplying cooking gas to the far flung northeastern states by first exporting it to Bangladesh in a move that will drastically cut the refiner’s freight cost and help in integrating the energy markets in the two Asian nations, chairman Sanjiv Singh said.
The idea is to ship liquefied petroleum gas (LPG) either from Paradip port in Odisha or from the Haldia port in West Bengal to the Chittagong port in Bangladesh from where it could be moved by road before further exporting to bordering Indian states like Tripura, Assam and Meghalaya. This will do away with the need for transporting LPG that India imports in the eastern coast through a long-winding route covering the states of Bihar and Assam along what is referred to as the “chicken neck” to states further in the East. “We are in advanced stages of talks with some of the Bangladesh companies for LPG export to Bangladesh for re-export to North East of India. This should happen soon,” said Singh. It is expected to improve LPG supply in northeast and boost the Bangladesh economy. Read More…
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