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Bangladesh signs MoU on Energy Cooperation with Russia

Bangladesh and Russia on Thursday inked a memorandum of understanding (MoU) on energy cooperation with officials saying the deal sought enhanced engagement of Russian oil and gas exploration giant Gazprom International in the energy sector.

According to a statement of Bangladesh embassy in Moscow, the MoU sought Russian technological assistance in Bangladesh`s coal mining, energy researches, hydrocarbon exploration in offshore areas, supply of liquefied natural gas (LNG) to Bangladesh and training of manpower in petroleum sector.

“It is expected that concluding of the signing of the MoU would enhance the engagement of Russian oil and gas exploration giant Gazprom in the energy sector of Bangladesh,” the statement read.

Until now Gazprom has drilled in 15 gas wells of Bangladesh and successfully explored in 13 of those that adds approximately 180 mmcfd to the national gas distribution network.

Russian First Deputy Minister Alexey Texler signed the MoU on behalf of their energy ministry with Bangladesh`s Energy Secretary Nazimuddin Chowdhury at St. Petersburg on the sidelines of St Petersburg International Economic Forum (SPIEF).

Commerce Minister Tofail Ahmed, who is attending the seminars of St Petersburg International Economic Forum, and Bangladesh Ambassador to the Russian Federation Dr Saiful Hoque were present among others during the signing ceremony.

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