UNB, Dhaka :
Petrobangla is set to sign the final deal on Monday with Excelerate Energy Bangladesh Limited (EEBL) for setting an LNG terminal at Moheshkhali in Chittagong, aiming to have a daily supply of 500 million cubic feet (MCF) of natural gas for feeding the country’s energy-starved industries and power plants.
Bangladesh is currently producing about 2,700 mmcfd gas against its demand for 3,200 mmcfd leaving a shortfall of 500 mmcfd. “Hope, we’ll be able to get the 500 mmcfd
gas for our consumers from January 2018 once the construction of the terminal is completed in the next 18 months,” Petrobangla chairman Ishtiak Ahmed told UNB. As per the proposed deal, the EEBL, a subsidiary of the Singaporean Excelerate Energy, will set up the terminal within the next one and half years on build-own-operate and transfer (BOOT) basis.
Earlier, the EEBL signed an initial contract with Petrobangla on March 31 this year. Then the Cabinet Purchase Committee approved a proposal in this regard on July 22.
As per the proposal, the proposed LNG terminal will have the facilities of 138,000 cubic metres capacity floating storage and re-gasification unit (FSRU). The terminal will supply 500 mmcf gas a day to the national gas network by regasification of imported LNG.
Petrobangla is set to sign the final deal on Monday with Excelerate Energy Bangladesh Limited (EEBL) for setting an LNG terminal at Moheshkhali in Chittagong, aiming to have a daily supply of 500 million cubic feet (MCF) of natural gas for feeding the country’s energy-starved industries and power plants.
Bangladesh is currently producing about 2,700 mmcfd gas against its demand for 3,200 mmcfd leaving a shortfall of 500 mmcfd. “Hope, we’ll be able to get the 500 mmcfd
gas for our consumers from January 2018 once the construction of the terminal is completed in the next 18 months,” Petrobangla chairman Ishtiak Ahmed told UNB. As per the proposed deal, the EEBL, a subsidiary of the Singaporean Excelerate Energy, will set up the terminal within the next one and half years on build-own-operate and transfer (BOOT) basis.
Earlier, the EEBL signed an initial contract with Petrobangla on March 31 this year. Then the Cabinet Purchase Committee approved a proposal in this regard on July 22.
As per the proposal, the proposed LNG terminal will have the facilities of 138,000 cubic metres capacity floating storage and re-gasification unit (FSRU). The terminal will supply 500 mmcf gas a day to the national gas network by regasification of imported LNG.
