Bangladesh in first LNG import terminal

Excelerate Energy, Petrobangla, and the Government of Bangladesh executed an agreement for the construction and operation of Bangladesh’s first liquefied natural gas LNG import terminal-- Moheshkhali Floating LNG (FLNG), reports the AOG.

 

Located offshore near Moheshkhali Island in the Bay of Bengal, the FLNG will provide the crucial infrastructure required for the country to access natural gas from global markets.  It is expected to be in operation in 2018.

 

The new terminal will enable Petrobangla to procure LNG from international gas markets, which will further complement and enhance Bangladesh’s ability to reliably use the country’s domestic natural gas reserves.

 

Expanding access to diverse and abundant sources of natural gas supply will promote power reliability, industrial development, and job creation in the region.

 

Moheshkhali FLNG will be the world’s first fully integrated turnkey floating LNG terminal whereby a single provider-- Excelerate, will provide all services under a single contract.

 

Excelerate will fully develop, design, construct, install, finance, and operate the terminal. This structure will allow for a single point of interface and responsibility to Petrobangla and provide seamless operations for the Bangladeshi market.

 

Excelerate will operate the terminal for 15 years, after which the company will transfer ownership to Petrobangla. The terminal will include the provision of one of Excelerate’s existing floating storage and regasification units (FSRU), the installation of a subsea buoy system anchored offshore, and the employment of port service vessels during operation.

 

The FSRU will have 138,000cu of LNG storage capacity and a base regasification capacity of 500 Mscf/d.