Mumbai: Bangladesh has proposed restarting the stalled negotiations on the proposed India-Bangladesh-Myanmar gas pipeline project.

"We are ready to negotiate for allowing the pipeline if Myanmar sells gas and India agrees to buy. We''ll obtain best possible advantage through negotiations-we''ll get revenue," the interim government''s foreign affairs adviser Iftekhar Ahmed Chowdhury has said.

The tri-nation pipeline issue came up during his meetings with Myanmar leaders, including acting prime minister Lieutenant General Thein Sein, in the Myanmar capital, the Daily Star newspaper quoted Choudhury as saying.

The negotiations were stalled when, after several rounds of tripartite meetings, the Bangladesh Nationalist Party (BNP)-led government in Dhaka brought in passage to export its products to Nepal and Bhutan through India, reduction in Dhaka''s trade deficit with New Delhi and allowing import of electricity from Nepal and Bhutan through Indian territory as additional conditions.

With no fruitful talks between India and Bangladesh on the matter Myanmar finally decided to sign an agreement with China to sell its gas.

As per previous estimates, Bangladesh was to receive $100-120 million as transmission charge or "wheeling charge" annually for the 950-km pipeline.

The tri-nation gas pipeline issue also came up as a reference at the Delhi meeting on regional cooperation in energy sector recently.