The Hindu : Unocal `suspends' gas export project

Online edition of India's National Newspaper
Sunday, Mar 28, 2004

International

International

Unocal `suspends' gas export project

By Haroon Habib

DHAKA, MARCH 27. The proposed $1.2 billion pipeline project has reportedly been suspended by the United States-based oil giant, Unocal, as it finds no hope of getting the Bangladesh Government's permission for exporting gas to India.

Reports suggest that Unocal has already downsized its India office by withdrawing the mastermind of India-Bangladesh pipeline project, Ron Somers. Unocal sees "lack of political will" in Bangladesh in the gas export. The factor behind shelving the project was its belief that a broad political consensus in favour of the gas export was unlikely to emerge in the near future. Unocal also feels that political parties continue to use the issue to score points in the "national obsession of India-bashing," the New Age daily said in a report.

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