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Petronet LNG is proposing a second import terminal for Bangladesh, according to reports from India, which suggest that the company wants to develop a US$926 million, 5 million tonne a year (mta) venture in the Kutubdia Islands.
The India based gas importer will visit Dhaka to present its plans. Petronet previously proposed to develop Bangladesh’s first LNG-import venture, a floating storage and regasification units (FSRU)-based venture at Moheshkhali Island in the Bay of Bengal.
Last month, the government of Bangladesh approved the US$1.6 billion terminal at Moheshkhali, which will import up to 3.5 mta using a 138,000m3 FSRU that Excelerate Energy will charter to Petrobangla and Astra Oil under a 15-year build, own, operate, transfer (BOOT) agreement.
Petronet managing director and chief executive Prabhat Singh told that the company wants to build the second terminal north of Cox’s Bazar to meet Bangladesh’s “huge unmet gas demand” and will present its plans during government-to-government talks, seeking payment assurances to cover its planned investments.
India’s largest gas importer has also proposed to develop a 1 mta LNG-import terminal in Sri Lanka. As yet, Sri Lanka has no LNG-import infrastructure, but the government is seeking to increase the role of gas in power generation.
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