In addition to the existing two LNG terminals, state-owned Petrobangla has moved to build three new LNG terminals to regasify imported gas to meet growing gas demand.
With a total regasification capacity of 2000-3000 MMcf/d, the proposed three new LNG terminals will be set up in Payra, Moheshkhali, and Matarbari, Petrobangla Chairman Zanendra Nath Sarker told the media.
He also said that among three LNG terminals, two will be floating – known as floating storage and regasification unit (FSRU), while one will be a land-based terminal.
Moreover, all three LNG terminals will be set up on the basis of unsolicited offers received from local and foreign companies.
Two FSRUs have been in operation since 2018, of which one was set up by Excelerate Energy of USA at Moheshkhali of Cox’s Bazar with 500 million cubic feet per day while another with the same capacity was set up by the Summit Group in the same area.
Regarding the three terminals, Excelerate Energy has made an offer for the Payra site while Summit Group made an offer for Moheshkhali while Petrobangla has shortlisted 12 firms for the Matarbari site.
Each of the FSRUs in Payra and Moheshkhali will have the capacity to regasify 500-1000 MMcf/d gas.
Prtrobangla chairman said that the negotiations are progressing fast and they have prepared the term sheet agreement for Payra and Moheshkhali terminals and sent those to the concerned ministry for approval.
For the Matarbarti land-based terminal, Petrobangla is waiting to receive a no-objection certificate from the Bangladesh Power Development Board (BPDB) which is the original owner of the land.
The country’s demand for gas supply is growing rapidly and it will reach 6500 MMcf/d by 2030 from the current demand of 4,000 MMcf/d against a supply of 3,000 MMcf/d.
If the moves are not undertaken, the country will experience more deficit in gas supply, the Petrobangla chairman said.