Natural Gas Daily Asia Pacific Global Markets
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.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up