Bangladesh said to scrap Darshan Hiranandani’s gas supply plan, India unlikely to intervene
India is aware of reports that Bangladesh has cancelled a proposed agreement with the Darshan Hiranandani-led H-Energy group to supply gas, but New Delhi is unlikely to intervene in the matter. The Mumbai-based company was to supply regasified liquified natural gas (LNG) to the energy deficient neighbour. The Bangladesh newspaper The Business Standard reported in April that state-owned Petrobangla is close to signing agreements on import of regasified LNG from an Indian private company through a cross-border pipeline. However, a recent report on Twitter suggested that the Bangladesh government is planning to cancel the project and imports after a US company, Excelerate Energy, which already has operations in Bangladesh, showed an interest in expanding its supplies to the country. ‘New Delhi is aware’ New Delhi is “aware” of the reports concerning the Hiranandani-led H Energy and Bangladesh, said a senior official in the know of the developments. “The (Indian) government would not intervene in this matter. It concerns with a private company. There are several other significant issues that can be taken up,” the official added.
OIL to form 3 JVs for CBG and CGD
Oil India Limited (OIL) has got a nod from its board for formation of three joint venture companies with HWTPL, GPS Renewables, and BPCL. Formation of a Joint Venture Company (JVC) with Hindustan Waste Treatment Pvt. Ltd. (HWTPL) to take up initiatives for establishment of Compressed Biogas (CBG) projects with equity holding in the ratio of 50:50, subject to approval of DIPAM and other authorities. Formation of a Joint Venture Company (JVC) with GPS Renewables Pvt. Ltd. (GPSRPL) to take up initiatives for establishment of Compressed Biogas (CBG) projects with equity holding in the ratio of 50:50, subject to approval of DIPAM and other authorities. Formation of a Joint Venture Company (JVC) with Bharat Petroleum Corporation Limited (BPCL) with equal equity shareholding, subject to necessary approvals from DIPAM and any other authorities, to execute City Gas Distribution (CGD) project in the Arunachal Pradesh State Geographical Area as authorised by Petroleum and Natural Gas Regulatory Board (PNGRB)