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Bangladesh to receive maiden LNG cargo from Qatar on April 23

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Staff Writer | March 23, 2018
Bangladesh is expected to receive its first LNG cargo from Qatar aboard the floating, storage and regasification unit Moheshkhali LNG on April 23.
LNG cargo
Energy   The FSRU is now in a dry dock in Dubai
Nazimuddin Chowdhury, secretary in the Energy and Mineral Resources Division under the energy ministry said that.

"The FSRU is now in a dry dock in Dubai, from where it will leave for Qatar on April 12-13 to load the LNG," another official with the EMRD said.

Supply of regasified LNG into the country's national gas grid will start by the end of the month.

The first LNG cargo could supply regasified LNG for around 15-20 days, state-owned Rupantarita Prakritik Gas Company's Managing Director Md Quamruzzaman said.

Deliveries from Qatar are part of a sales and purchase agreement with RasGas for 2.5 million mt/year of LNG, priced at 12.5% of the three-month average of Brent plus an additional 0.5%.

Bangladesh is in negotiations with other suppliers and is planning to sign binding LNG SPAs for more than 3 million mt/year shortly.

The FSRU, which belongs to US-based Excelerate, has a capacity of 3.75 million mt of LNG, and will be moored at Moheshkhali island, near the port of Chittagong.

Bangladesh's second LNG import terminal, a 3.75 million mt/year FSRU, being developed by the local Summit Group, is expected to be commissioned in October.

The country is in negotiations with four other suppliers for long-term deals and is also eyeing short-term and spot purchases.


 

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