In a major blow to Indian plans
procure gas and transport them through
trans-national pipelines, Myanmar has
spurned an Indian offer in favor of
China. This is the third time in the
last five months that Petrochina had
beaten Indian bid for securing gas
supply. India had planned to build a
USD 1 billion gas pipeline through
Bangladesh to West Bengal and also
transport stranded gas in India's
North East. India is also pursuing
procuring gas from Iran and
Turkmenistan; those plans are also
highly speculative and unlikely to
take off.
