The Hindu Business Line : GAIL inks pact with Bangladesh firm

STATE-RUN gas firm GAIL (India) Ltd on Tuesday inked an agreement with Spectra International Ltd of Bangladesh to identify possibilities of cooperation in compressed natural gas (CNG) infrastructure development projects and gas retailing in Bangladesh.

The Memorandum of Understanding (MoU) was signed by Mr B. S. Negi, GAIL's Director (planning), and Mr Khalid H. Khan of Spectra, a GAIL press release said here. Under the terms of the MoU, GAIL would consider taking up CNG and gas distribution projects on a build-own-operate-transfer (BOOT) basis. "Spectra will offer certain services required in the implementation of projects in a cost-effective and timely manner and provide necessary support and coordination in obtaining all the statutory clearances," the release said.

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