IndianOil to set up LPG import terminal at Chittagong

State-owned Indian Oil Corp (IOC) on Monday signed an agreement with Bangladesh Petroleum Corp (BPC) to set up LPG import terminal at Chittagong and lay a pipeline from there to Tripura. India plans to use the terminal at the Bangladeshi port to ship cooking gas or LPG which would then be piped to Tripura. 

The MoU, signed during Oil Minister Dharmendra Pradhan's three-day visit to Bangladesh, "paves the way for discussion on setting up LPG import terminal at coastal belt of Chittagong district, marketing of LPG and developing related infrastructure in Bangladesh and transportation of LPG from Chittagong to Tripura," an official statement said here. Pradhan reached Dhaka on Sunday to follow up on issues discussed during Prime Minister Narendra Modi's visit to Bangladesh in June last year.