Point of View: Unocal's Stone: 'Window of opportunity' closing on Bangladesh-to-India gas pipeline project

After spearheading the negotiations that brought Unocal Corp. to Bangla- desh in 1996, James Stone, president of the company's Unocal South Asia Energy Ltd. unit, is looking forward to first flow of natural gas through the company's proposed Bangladesh-to-India pipeline, projected to cost $500-700 million to develop. The proposed pipeline will link Bibiyana field on Unocal's Block 12 to India's main natural gas system, HBJ Pipeline. But the Unocal unit—and Stone himself—has witnessed many highs and lows over the pipeline's various planning and development stages, and there still exist a number of hurdles yet to surmount before the project gets a green light...

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