LNG import from Qatar

Agreement signing today

The government is set to initial a long-term agreement with Qatar today to import up to 1.8 million tonnes of liquefied natural gas per annum from March/April next year to meet the country’s growing demand, officials said yesterday, reports BSS.

“The energy division is scheduled to hold a meeting with Qatar’s state-run firm-RasGas Company Limited (RasGas)- for price negotiation at Petrocenter in Dhaka tomorrow evening,” an official of the concerned ministry told the news agency yesterday.

He said a RasGas delegation would arrive in the city today and hold the meeting for the initial to import LNG. The government is expected to import 500 mmcfd LNG per day. Earlier, State Minister for Power, Energy and Mineral Resources Nasrul Hamid told the news agency that the government would soon sign a contract with Qatar for LNG import.

He said that the government would also keep some other sources open for LNG import to mitigate gas crisis. According to the ministry, the government signed a memorandum of understanding (MoU) with Qatar in January 2011 to import approximately 4 million tonnes of LNG per annum.

Now, Petrobangla, the state-run oil, gas and mineral resources corporation, supplies approximately 2,750 million cubic feet of natural gas a day from domestic gas fields against a demand for at least 3,500 million cubic feet gas, it said.

Meanwhile, Petrobangla signed two contracts with a foreign and a local company to facilitate increasing the daily gas supply by 1,000 million cubic feet from imported LNG by their floating terminals and re-gasification units to be set up near Maheskhali Island in Cox’s Bazar. 

On January 3, 2017, Petrobangla signed a contract with Summit LNG Terminal Company Private Limited, a subsidiary of Summit Group, for LNG re-gasification service from its facilities to be built in 18 months.

On July 18, 2016, Petrobangla also signed a contract with US Company Excelerate Energy for LNG re-gasification service from its facilities to be built in 18 months. Both the contracts are on the built-own-operate-and-transfer basis and would be valid for 15 years.

The RasGas is one of the world’s premier integrated LNG enterprises and has an enviable reputation for being a safe and reliable 

supplier of LNG that has transformed a regional resource into a key component of the global energy mix.

 

 

LNG import from Qatar

Agreement signing today

The government is set to initial a long-term agreement with Qatar today to import up to 1.8 million tonnes of liquefied natural gas per annum from March/April next year to meet the countrys growing demand, officials said yesterday, reports BSS. The energy division is scheduled to hold a meeting with Qatars state-run firm-RasGas Company Limited (RasGas)- for price negotiation at Petrocenter in Dhaka tomorrow evening, an official of the concerned ministry told the news agency yesterday. He said a RasGas delegation would arrive in the city today and hold the meeting for the initial to import LNG. The government is expected to import 500 mmcfd LNG per day. Earlier, State Minister for Power, Energy and Mineral Resources Nasrul Hamid told the news agency that the government would soon sign a contract with Qatar for LNG import. He said that the government would also keep some other sources open for LNG import to mitigate gas crisis. According to the ministry, the government signed a memorandum of understanding (MoU) with Qatar in January 2011 to import approximately 4 million tonnes of LNG per annum. Now, Petrobangla, the state-run oil, gas and mineral resources corporation, supplies approximately 2,750 million cubic feet of natural gas a day from domestic gas fields against a demand for at least 3,500 million cubic feet gas, it said. Meanwhile, Petrobangla signed two contracts with a foreign and a local company to facilitate increasing the daily gas supply by 1,000 million cubic feet from imported LNG by their floating terminals and re-gasification units to be set up near Maheskhali Island in Coxs Bazar. On January 3, 2017, Petrobangla signed a contract with Summit LNG Terminal Company Private Limited, a subsidiary of Summit Group, for LNG re-gasification service from its facilities to be built in 18 months. On July 18, 2016, Petrobangla also signed a contract with US Company Excelerate Energy for LNG re-gasification service from its facilities to be built in 18 months. Both the contracts are on the built-own-operate-and-transfer basis and would be valid for 15 years. The RasGas is one of the worlds premier integrated LNG enterprises and has an enviable reputation for being a safe and reliable supplier of LNG that has transformed a regional resource into a key component of the global energy mix.