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Bangladesh agrees to talk on gas pipeline

Bangladesh has agreed to negotiate on tri-nation pipeline including India and Myanmar in exchange of annual payment of $100 million to $120 million.

world Updated: Apr 30, 2007 18:35 IST

Bangladesh has agreed to negotiate a much-talked-about tri-nation pipeline passing through the country's territory for transmission of gas from Myanmar to India, Bangladeshi news agency UNB reported on Monday.

"We agree to negotiate for allowing the pipeline if Myanmar sells gas and India agrees to buy ... We'll obtain best possible advantage through negotiations - we'll get revenue," Bangladeshi Foreign Affairs Advisor Iftekhar Ahmed Chowdhury told reporters after returning from Myanmar.

Chowdhury, who clinched a deal on a cross-border road linking Dhaka and Yangon during the four-day tour to Myanmar from April 25, said the tri-nation pipeline issue had come up during his meetings with Myanmar leaders.

According to a previous estimate, Bangladesh will receive $100 million to $120 million annually as transmission charge or "willing charge" for the 950-km pipeline.

To install the pipeline, a sum of one billion dollars is to be invested - $650 million of it in the Bangladeshi territory.