Consortium Set To Lodge Final Proposal For LNG Terminal


News: A consortium of US-based companies Astra Oil and Excelerate Energy plans to submit its final proposal to build Bangladesh's first liquefied natural gas (LNG) import terminal to state-owned Petrobangla in the week ending March 22. The proposed LNG terminal will be situated at Moheshkhali Island in the Bay of Bengal, according to Petrobangla Director Quamruzzaman. The floating facility will have a capacity to handle 5mn tonnes of LNG annually and at least 1,000 cubic feet of re-gasification capacity per day. The facility will also be equipped with berthing and mooring facilities for LNG vessels having capacity between 138,000-260,000 cubic metres. The Bangladeshi corporation will give the construction contract based on a build-own-operate-transfer basis for a 15-year duration (the Financial Express).

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Related sectors of this article: Shipping, Ports
Geography: Bangladesh