Govt to Set Up Two Land-Based LNG Terminals
07.18.2022 By Ricardo Perez - NEWS

July 18, 2022 [The Daily Star] – The government is set to establish two land-based liquefied natural gas terminals alongside the floating terminal, as it continues with its efforts to alleviate the country’s energy shortage.

 

A Japanese firm, Tokyo Gas Engineering Solution Corporation, will be appointed to conduct the feasibility study on the sites at a cost of Tk 58 crore.

The sites being considered for the land-based LNG terminals are in Kutubdia, Moheshkhali, Payra and two other places.

Each of the two land-based terminals will supply 1,000 million cubic feet (MMCFD) of gas every day, according to an official of the energy ministry.

Earlier, the government approved two floating LNG terminals, each of which will supply 500 MMCFD of gas.

Bangladesh is looking outside to alleviate its energy shortage largely caused by depletion of domestic reserves and rising demand. Gas supply stands at about 2,700 MMCFD per day against the demand for 3,300 MMCFD.

The shortage of gas has affected power generation. The government aims to set up four land-based LNG terminals and one or two floating storage and re-gasification units.

In July, state-run Petrobangla and US-based Excelerate Energy signed the final deals to set up Bangladesh’s first LNG terminal. The terminal to be set up in Moheshkhali will handle imported LNG and supply it to the national grid from early 2018.

The government also awarded Summit Group to set up its first floating liquefied natural gas terminal on Moheshkhali island in Cox’s Bazar.

Summit Group will develop the floating facilities within 18 months of signing the final contract. Meanwhile, the government has received proposals from 14 companies for setting up LNG terminals.

China Huanqiu Contracting & Engineering has proposed to set up an LNG plant in Moheshkhali, while KOGAS-MGCB-KSBL Consortium wants to set up a land-based terminal in Sonadia.

Singapore’s Sembcorp Utilities submitted a proposal to set up a Gravifloat terminal and a storage tank in the deep sea.

Gravifloat technology allows the LNG terminal to be fully built and completed at a shipyard and installed in shallow waters to facilitate direct ship loading.

In December, Petrobangla signed an initial agreement with India’s energy company Petronet to set up an LNG re-gasification terminal on Kutubdia island and a pipeline at an estimated cost of $950 million.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Explainer: Europe Set to Import Banned Russian Diesel Without Knowing
12.08.2022 - NEWS
December 8, 2022 [Reuters] – European motorists could find Russian diesel in their tanks ev... Read More
Crude Oil Price Forecast – Crude Oil Markets Balance
12.08.2022 - NEWS
December 6, 2022 [FXEmpire] – Crude oil markets have initially fallen during the trading se... Read More
UAE 9-Month Non-Oil Trade Soars 19% to $435.6bn
12.08.2022 - NEWS
December 6, 2022 [TradeArabia] – The UAE’s foreign non-oil trade created another record i... Read More
WTI Falls Despite Crude Draw As Product Inventories Soar
12.08.2022 - NEWS
December 8, 2022 [OilPrice.com] – Crude oil prices fell slightly today after the U.S. Energ... Read More