Japanese firm Tokyo Gas Co Ltd has finally been awarded the job of carrying out a feasibility study, preparing documents and helping select a final bidder to build the country’s maiden land-based LNG terminal.

Tokyo Gas inked a final deal with state-run Petrobangla around 18 months after receiving bids from the interested parties to build the 7.5 million tonnes per year capacity land-based LNG terminal at Matarbari in Cox’s Bazar.

Under the deal, the Japanese firm will carry out a feasibility study and prepare a request for proposal (RfP) documents for selecting the final bidder to build the land-based LNG terminal.

It will also help the government evaluate the bid to select the appropriate bidder.

Petrobangla signed the final agreement after inking an initial deal several months back, which got approval from the Ministry of Law, a senior Petrobangla official told the FE.

Officials said the government is working to build a 7.5 million tonne per year, or MTPA, capacity land-based LNG terminal doubling the country’s overall LNG re-gasification capacity to 15 MTPA.

Currently, two 3.75 million tonne per year capacity LNG import terminals having floating, storage, re-gasification units (FSRUs) are in operation at Moheshkhali. The two terminals are re-gasifying around 550 million cubic feet per day (mmcfd), almost half their total capacity to re-gasify 1,000 mmcfd.

Twelve global firms and their joint ventures are now vying to bag the contract to build the country’s first land-based LNG terminal, having the capacity to handle 7.5 million tonnes per year (Mtpa) of LNG at Matarbari.

The Japanese firms which submitted the EOIs are: Mitsui & Co Ltd, Japan Investment Corporation for Matarbari Regas Terminal, a joint venture of Inpex Corporation, Sojitj Corporation, Kyushu Electric Power Co and local Unique Hotel and Resorts Ltd, joint venture of Marubeni Corporation and Osaka Gas Co Ltd, and joint venture of Sumitomo Corporation and Chungko Electric Power Co Inc.

Joint venture of local Summit Corporation Ltd, Mitsubishi Corporation, and Jera Co Inc and joint venture of United Enterprises & Co Ltd, Posco International Corp and Korea Gas Corporation are the Bangladeshi firms eyeing to bag the project.

For more information visit www.tokyo-gas.co.jp

15th January 2021