UNB, Dhaka :
State-owned Petrobangla has sought approval of the Cabinet Purchase Committee to sign final deals with Singapore-based Excelerate Energy to set up an LNG terminal at Moheshkhali, Chittagong to facilitate the import of natural gas.
Official sources said, Energy Division recently moved a proposal on behalf of Petrobangla in this regard and submitted it to the Cabinet Division. The deals are Terminal Use Agreement (TUA), Implementation Agreement (IA) and Side Letter Agreement (SLA). Once the Cabinet purchase body approves the proposed deals, the state hydrocarbon agency will sign those with Excelerate Energy Bangladesh Limited (EEBL), a subsidiary of the Singaporean Excelerate Energy, to pave the way for installing a 138,000 cubic metres capacity floating storage and re-gasification unit (FSRU). With these three deals, the officials said, Bangladesh will actually enter the final stage
of implementation of its long desired LNG terminal project to mitigate its nagging gas crisis. “The deal will make it mandatory for the EEBL to set up the LNG terminal at its own cost within the next 18 months on a build-own-operate and transfer (BOOT) basis with the completion of necessary surveys in the Bay of Bengal in Bangladesh maritime boundary,” said a top official at Petrobangla.
State-owned Petrobangla has sought approval of the Cabinet Purchase Committee to sign final deals with Singapore-based Excelerate Energy to set up an LNG terminal at Moheshkhali, Chittagong to facilitate the import of natural gas.
Official sources said, Energy Division recently moved a proposal on behalf of Petrobangla in this regard and submitted it to the Cabinet Division. The deals are Terminal Use Agreement (TUA), Implementation Agreement (IA) and Side Letter Agreement (SLA). Once the Cabinet purchase body approves the proposed deals, the state hydrocarbon agency will sign those with Excelerate Energy Bangladesh Limited (EEBL), a subsidiary of the Singaporean Excelerate Energy, to pave the way for installing a 138,000 cubic metres capacity floating storage and re-gasification unit (FSRU). With these three deals, the officials said, Bangladesh will actually enter the final stage
of implementation of its long desired LNG terminal project to mitigate its nagging gas crisis. “The deal will make it mandatory for the EEBL to set up the LNG terminal at its own cost within the next 18 months on a build-own-operate and transfer (BOOT) basis with the completion of necessary surveys in the Bay of Bengal in Bangladesh maritime boundary,” said a top official at Petrobangla.
