Indian Oil Corporation Limited (IOCL), the largest state owned company of India will sign a memorandum of understanding (MoU) on April 18 to set up Bangladesh`s largest Liquefied petroleum gas (LPG) plant in Chittagong.
IOCL will conduct study to assess the feasibility of setting up the plant at their own costs.
Indian state minister for petroleum and natural gas Dharmendra Pradhan is expected to attend the MoU singing ceremony on April 19, 2016 while state minister for power, energy and mineral resources Nasrul Hamid will attend the function.
A senior official with ministry of power, energy and mineral resources energynewsbd.com that after meeting up the local consumption demand, the rest of the produced LPG will be exported to Indian state of Tripura.
The Indian company would require to establish around 200 kilometers of LPG pipelines to supply LPG from Chittagong to Tripura through the River Feni.
The firm already has a 2500-kilometer LPG pipeline in India.