With the discovery of substantial gas in Myanmar's Sittwe region in the Rakhine state, India was keen to acquire gas from some of the new finds in the Shwe gas field, divided in several blocks, of which A-1 and A-2 blocks were closer to India and also estimated to have the best recoverable reserves. Given the geographical location, overland pipelines transiting through Bangladesh are the most cost-effective way of getting gas from Myanmar to India. Despite its initial enthusiasm, Bangladesh backtracked from its earlier willingness to be a partner to the tripartite pipeline.
Is Bangladesh heading for a food crisis?
Since the beginning of 2007, there has been a sharp increase in global food prices, especially in developing countries. During the past year, the prices of rice and wheat have risen by 75 to 120 per cent globally. During the last 25 years global food production has gone down and has had a cascading effect upon prices.