BDforever
ELITE MEMBER
- Joined
- Feb 12, 2013
- Messages
- 14,387
- Reaction score
- 8
- Country
- Location
Bangladesh will request Iran to export liquefied natural gas (LNG) instead of allowing it to extend the proposed Iran-Pakistan-India (IPI) gas pipeline to Bangladesh, officials said Monday.
The request for exporting LNG to Bangladesh is likely to be placed before a Joint Economic Commission (JEC) meeting, to be held in Dhaka tomorrow (Wednesday) and Thursday.
"We will request Iran to export LNG to Bangladesh. We will not urge them to extend the IPI gas pipeline up to Bangladesh at this moment," a senior Energy Division official told the FE.
Iran has decided to export its gas to Pakistan and India through the proposed 2,700- kilometre tri-nation IPI pipeline. Pakistan has already started to install the pipeline for importing the Iranian gas. India is also preparing to get connected to the IPI pipeline.
Iran-Pakistan-India (IPI) pipeline is aimed at transferring gas from Iran's South Pars fields in the Persian Gulf to Pakistan's major cities of Karachi and Multan and then further to Delhi, India, with an estimated cost of US$ 7.0 billion.
Earlier in 2009, Iran had proposed Bangladesh to join the IPI pipeline and discuss with India. Bangladesh has analysed its feasibility.
The two-day-long fifth JEC meeting between Dhaka and Iran will be held on May 15 and May 16 in Dhaka, where bilateral trade and economic issues will dominate.
Finance Minister AMA Muhith will head the Bangladesh team, while Iran's Industry, Trade and Mine Minister Dr Mehedy Ghazanfari will lead the Tehran team in the two-day meeting.
The Economic Relations Division (ERD) will organise the two-day JEC meet.
"Dhaka is likely to request Tehran for exporting LNG to the energy-hungry Bangladesh. Besides, the government will request the country to resolve double-taxation, allow preferential trade arrangement, and employ skilled and non-skilled workers," an Additional Secretary at ERD told the FE.
Since the natural gas-dependent Bangladesh has inadequate gas reserves, it needs import of the fuel to run its power plants and industries.
The state-run energy corporation Petrobangla has said the existing reserves will start to deplete from 2015, if new discoveries are not made.
The ERD Additional Secretary said Iran also showed interest to invest in the railway sector development in Bangladesh.
Tehran wants to supply railway wagons, locomotives and other equipment as Bangladesh has plans to invest a good amount of funds for developing its struggling railway sector, the Additional Secretary said.
"We will seek preferential trade arrangement from Tehran in a bid to boost the bilateral trade between the two countries," the ERD official said.
The ERD Additional Secretary, Kazi Shofiqul Azam, said after completing the JEC meeting Thursday in Dhaka, "we will sign a deal on the agreed points".
Both the sides will try to boost trade after the JEC meet, he added.
The West has long imposed economic sanctions on Tehran which is a key obstacle to expanding its trade and business with the Gulf countries, although there is a lot of potential for increasing bilateral trade and economic ties.
Bangladesh's major export products going to Iran are jute, jute goods, tea, pharmaceuticals, textile and garments, while the import items are oil, cotton, carpet, ceramics, fibre, yarn, paper yarn and woven fabrics.
source: Iran to be urged to export LNG to BD : no IPI pipeline extension :: Financial Express :: Financial Newspaper of Bangladesh
PM wants Iran trade pacts executed
Prime Minister Sheikh Hasina has emphasised urgent activation of two trade agreements Bangladeash had signed with Iran.
The Bilateral Trade Agreement (BTA) and Preferential Trade Agreement (PTA) were signed in 2005 and 2006, respectively.
The Prime Minister made the observation when Iran's Minister of Industry, Mine and Trade Mahdi Ghazanfari called on her at her official residence, Ganabhaban, on Thursday evening.
After the meeting, Hasina's Press Secretary Abul Kalam Azad told reporters the Prime Minister said that Tehran could recruit seamen from Bangladesh for Irans shipping lines.
Appreciating Irans progress and development in science and technology, she said Bangladesh supported Tehrans rights to use nuclear energy for peaceful purposes.
She also urged Tehran to consider more scholarships for Bangladeshi students for higher studies in Iran.
Ghazanfari described the relationship between the two countries as historical and traditional.
He said the trade and cultural links in particular between the countries had created a strong foundation for a cordial relationship.
Ghazanfari also appreciated the rescue operation conducted by the government after the collapse of Rana Plaza at Savar.
The worst ever building collapse in history of the world had killed over 1,110 people, mostly readymade garment factory workers, while over 2000 were injured.
Ambassador-at-Large M Ziauddin, Prime Ministers Principal Secretary Shaikh Md Wahid-uz-Zaman, and Iranian Ambassador to Bangladesh Hossein Aminian Tousi were, among others, also present.
source: PM wants Iran trade pacts executed - bdnews24.com
The request for exporting LNG to Bangladesh is likely to be placed before a Joint Economic Commission (JEC) meeting, to be held in Dhaka tomorrow (Wednesday) and Thursday.
"We will request Iran to export LNG to Bangladesh. We will not urge them to extend the IPI gas pipeline up to Bangladesh at this moment," a senior Energy Division official told the FE.
Iran has decided to export its gas to Pakistan and India through the proposed 2,700- kilometre tri-nation IPI pipeline. Pakistan has already started to install the pipeline for importing the Iranian gas. India is also preparing to get connected to the IPI pipeline.
Iran-Pakistan-India (IPI) pipeline is aimed at transferring gas from Iran's South Pars fields in the Persian Gulf to Pakistan's major cities of Karachi and Multan and then further to Delhi, India, with an estimated cost of US$ 7.0 billion.
Earlier in 2009, Iran had proposed Bangladesh to join the IPI pipeline and discuss with India. Bangladesh has analysed its feasibility.
The two-day-long fifth JEC meeting between Dhaka and Iran will be held on May 15 and May 16 in Dhaka, where bilateral trade and economic issues will dominate.
Finance Minister AMA Muhith will head the Bangladesh team, while Iran's Industry, Trade and Mine Minister Dr Mehedy Ghazanfari will lead the Tehran team in the two-day meeting.
The Economic Relations Division (ERD) will organise the two-day JEC meet.
"Dhaka is likely to request Tehran for exporting LNG to the energy-hungry Bangladesh. Besides, the government will request the country to resolve double-taxation, allow preferential trade arrangement, and employ skilled and non-skilled workers," an Additional Secretary at ERD told the FE.
Since the natural gas-dependent Bangladesh has inadequate gas reserves, it needs import of the fuel to run its power plants and industries.
The state-run energy corporation Petrobangla has said the existing reserves will start to deplete from 2015, if new discoveries are not made.
The ERD Additional Secretary said Iran also showed interest to invest in the railway sector development in Bangladesh.
Tehran wants to supply railway wagons, locomotives and other equipment as Bangladesh has plans to invest a good amount of funds for developing its struggling railway sector, the Additional Secretary said.
"We will seek preferential trade arrangement from Tehran in a bid to boost the bilateral trade between the two countries," the ERD official said.
The ERD Additional Secretary, Kazi Shofiqul Azam, said after completing the JEC meeting Thursday in Dhaka, "we will sign a deal on the agreed points".
Both the sides will try to boost trade after the JEC meet, he added.
The West has long imposed economic sanctions on Tehran which is a key obstacle to expanding its trade and business with the Gulf countries, although there is a lot of potential for increasing bilateral trade and economic ties.
Bangladesh's major export products going to Iran are jute, jute goods, tea, pharmaceuticals, textile and garments, while the import items are oil, cotton, carpet, ceramics, fibre, yarn, paper yarn and woven fabrics.
source: Iran to be urged to export LNG to BD : no IPI pipeline extension :: Financial Express :: Financial Newspaper of Bangladesh
PM wants Iran trade pacts executed
Prime Minister Sheikh Hasina has emphasised urgent activation of two trade agreements Bangladeash had signed with Iran.
The Bilateral Trade Agreement (BTA) and Preferential Trade Agreement (PTA) were signed in 2005 and 2006, respectively.
The Prime Minister made the observation when Iran's Minister of Industry, Mine and Trade Mahdi Ghazanfari called on her at her official residence, Ganabhaban, on Thursday evening.
After the meeting, Hasina's Press Secretary Abul Kalam Azad told reporters the Prime Minister said that Tehran could recruit seamen from Bangladesh for Irans shipping lines.
Appreciating Irans progress and development in science and technology, she said Bangladesh supported Tehrans rights to use nuclear energy for peaceful purposes.
She also urged Tehran to consider more scholarships for Bangladeshi students for higher studies in Iran.
Ghazanfari described the relationship between the two countries as historical and traditional.
He said the trade and cultural links in particular between the countries had created a strong foundation for a cordial relationship.
Ghazanfari also appreciated the rescue operation conducted by the government after the collapse of Rana Plaza at Savar.
The worst ever building collapse in history of the world had killed over 1,110 people, mostly readymade garment factory workers, while over 2000 were injured.
Ambassador-at-Large M Ziauddin, Prime Ministers Principal Secretary Shaikh Md Wahid-uz-Zaman, and Iranian Ambassador to Bangladesh Hossein Aminian Tousi were, among others, also present.
source: PM wants Iran trade pacts executed - bdnews24.com
