China to finance major Bangladesh pipeline project

China to finance major Bangladesh pipeline project

China continues to reshape energy flows into the Bay of Bengal.

Having constructed pipelines through Myanmar into China, Beijing has just signed up to help Bangladesh build its own oil import infrastructure.

China will help build a 220 km pipeline, which includes a 146 km offshore stretch, taking oil from tankers into the south Asian nation.

Storage tanks will be set up on Moheshkhali Island, some 10 km west of Cox’s Bazar. The whole project is projected to cost around $550m and is due for completion by 2020. Financing is coming from China’s Exim Bank.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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