Bangladesh will be the victor in India/China rivalry28 April 2017
China’s acquisition of three gas fields in Bangladesh, for which a preliminary deal was signed this week, has set off alarm bells in India as New Delhi fears losing its influence over Bangladesh to Beijing.
Himalaya Energy, a consortium of China ZhenHua Oil and state investment vehicle China Ningbo International Cooperation Co., has agreed to purchase the three Bangladeshi gas fields in a deal worth an estimated $2 billion. It marks the first large investment China has made in Bangladesh’s energy sector, but Beijing has spent many years building a closer relationship with the country.
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