Petronet LNG has submitted a proposal for the construction of a 7.5 million tonne a year LNG import facility in Bangladesh.

Last year, Petronet signed a Memorandum of Understanding (MoU) with Petrobangla to develop the $1bn project to receive an regasify LNG on Kutubdia Island in Cox’s Bazar. The project included a 26-km pipeline. The proposed terminal is beside the one Bangladesh is looking to set up at Matar Bari in Moheshkhali Island of Cox’s Bazar district or Anwara, Chittagong. The terminal, to be set up on the build-own-operate basis, will supply gas to power plants.

According to the company’s Managing Director & Chief Executive Officer, Prabhat Singh, the company aims to construct the land-based facility in 42 months once it receives approvals.

Once Bangladesh government accepts the proposal, a formal pact will be signed between Petronet and Petrobangla, Prabhat told local media.

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31st July 2018

31st July 2018