The government is set to install one more Floating Storage and Re-gasification Unit (FSRU) LNG terminal at Moheshkhali by April 2019.
“We will install the second FSRU with a capacity of 500 mmcfd LNG by April 2019,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid told BSS on Wednesday.
He said the national grid would get 1,000 500 million metre cubic feet LNG per day (mmscfd) from 2019, adding, “The government under the dynamic leadership of Prime Minister Sheikh Hasina is committed to ensure energy security in the country.”
The government installed the first FSRU at Moheshkhali in Cox’s Bazar district having 500 mmcfd capacity, which is supplying LNG to the national grid from September this year, he said.
On Apr 24, a floating storage and regasification unit (FSRU) of Excelerate Energy Bangladesh brought the first shipment of 133,000 cubic meters LNG from Qatar to Moheshkhali LNG terminal
Singapore-based Astra Oil and Excelerate Energy Consortium are functioning as Excelerate Energy Bangladesh for the project.
A pipeline stretching to Anwara Upazila of Chattogram (Chittagong), from the LNG terminal near Moheshkhali, Cox’s Bazar, has been installed to add the gas to the national grid.
The state-owned oil, gas and mineral resources company Petrobangla signed a terminal-use agreement with Excelerate Energy Bangladesh Limited to set up the country’s first LNG terminal on Mar 31, 2016.
According to the deal with Excelerate Energy, Bangladesh will have to pay $0.49 per 1,000 cubic feet of gas to the firm in terminal installation costs and other expenses.
Petrobangla will get the ownership of the terminal, including the FSRU, after 15 years.
Bangladesh has also signed a deal with Oman to buy LNG. Besides that, the government has decided to buy from another 26 companies on the basis of spot market pricing.