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Updated: October 15, 2012 23:48 IST

Bangladesh keen to join TAPI project

Special Correspondent
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Jaipal Reddy
Jaipal Reddy

India is neither reducing nor increasing crude oil imports from Iran, which is facing U.S. and EU sanctions, Petroleum and Natural Gas Minister Jaipal Reddy said here on Monday.

Iran, which was India's second biggest oil supplier after Saudi Arabia till 2010-11, had now been relegated to the fourth place. In 2011-12, Saudi Arabia supplied 32.63 million tonnes while Iraq took the second spot with supplies of 24.51 million tonnes. Kuwait supplied 17.67 million tonnes while Iran sold 17.10 million tonnes. For the current year, imports from Iran were estimated at 15-15.50 million tonnes, Mr. Reddy said.

Mr. Reddy said India was likely to emerge as one of the top importers of all energy forms (oil, coal, gas and uranium) in the world.The global demand for energy, he said, grew at 1.3 per cent annually during 1980-2000. This annual growth rate increased to 1.6 per cent during 2000-10. “Going forward, an energy demand growth rate of over 1.5 per cent annually is expected to sustain in the near future,’’ he said.

The Petroleum Minister said India and China would contribute around 40 per cent of the global growth in energy demand during 2010-50.

TAPI project

Meanwhile, Bangladesh has evinced interest in joining the multi-billion dollar TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project.

“There is a request from Bangladesh to join the project. We require official note, which will be considered by all the four governments,’’ Turkmenistan's acting Minister of Oil and Gas Industry and Mineral Resources Kakageldy Abdullaev said at the conference.

The four countries had invited firms that could become the consortium leaders for executing the 1,680-km cross-country project. The pipeline length would be increased if the project was extended to Bangladesh.

Mr. Abdullaev said road shows to attract firms, which would build the project, were held recently in New York, London and Singapore, and there was more interest from institutional investors.

The Asian Development Bank is the lead partner for the project, and is helping the four nations put a credible consortium that will build and operate the line passing through Afghanistan and Pakistan territories.

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Dear Mr. Editor/officer in Charge:

I submitted a comment. Could you tell me why did not you publish it? Please send me your response in my email address. Thank you.

from:  ziaush shams
Posted on: Oct 18, 2012 at 10:56 IST

Bangladesh should have shown 'keen' interest in this very important energy supply project at the very initial stage. The relevant authorities should now work day and night and submit the 'official note' immediately without fail. Bangladesh is short by at least 700mcf of gas now and demand is increasing at the rate of 10% per annum. We should submit a demand note for at least 800mcf/day and start building distribution pipelines as soon as possible to supply the additional gas by 2018-20. Turkmenistan will also get more revenue by adding only 500-600km of pipeline to the original projected pipeline of 1,680km and the whole project may even become more feasible as there will be an additional sustained demand of about 1000 mcf/day for over 30 years. This will be an win-win situation for all and help create a SAARC energy grid.

from:  ziaush shams
Posted on: Oct 18, 2012 at 08:19 IST

We appreciate the BD govt.request to join TAPI gas line project.We have
gas but not enough.For the development and industrialization we need
gas.

from:  anwar kamal
Posted on: Oct 17, 2012 at 07:48 IST
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