GAIL ties up with Cosmos

GAIL (India) Ltd has signed a memorandum of understanding (MoU) with Cosmos of Bangladesh for cooperation in natural gas fractionation, gas processing and liquified petroleum gas (LPG) projects in Bangladesh.

GAIL will undertake these projects on build-own-operate-transfer basis or any other basis as offered by the Bangladesh government or any of its authorised agency.

Cosmos will offer certain services required for implementation of projects in cost effective and time-bound manner and provide all support and coordination in obtaining all statutory clearances and approvals required for such projects.

Cosmos will also develop business opportunities involving GAIL's expertise in the areas of gas processing, LPG production, distribution and marketing for other private and public sector companies in Bangladesh.

GAIL and Cosmos shall offer consultancy services to Petrobangla and its subsidiaries, for design, development, operation and maintenance of NGL fractionation, LPG and gas processing plants including up-gradation of existing plants.

Cosmos is engaged in oil and gas exploration, transmission and distribution, petroleum geology study, project management, construction and commissioning, power generation, transmission and supply of related equipments and other energy sector projects with emphasis to developing natural gas infrastructure projects in Bangladesh.