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Bangladesh extends deadline to submit plans to build new LNG terminal

Gasoil News - Published on Mon, 18 Mar 2019

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Reuters quoted, two sources familiar with the matter, as saying that Bangladesh will extend the deadline by three months for companies to submit expressions of interest to build the country's first onshore liquefied natural gas terminal. One of the sources said that "The deadline for submission will be extended by three months as potential developers sought more time."

Rupantarita Prakritik Gas Co, the part of state-owned energy company Petrobangla that oversees LNG supplies, on Jan. 3 requested interest from potential terminal developers for a land-based LNG regasification terminal at Matarbari in the Cox's Bazar district of southern Bangladesh. The initial EOIs were supposed to be due by March 20 but the companies hoping to take part asked for more time.

The EOI is for the design, engineering, procurement, construction and commissioning of a land-based terminal that can handle 7.5 million tonnes per year of LNG, including receiving, unloading, storage and re-gasification facilities.

The project is expected to be built on a build-own-operate basis for 20 years, with ownership then transferred to the Bangladeshi government or a company nominated by the government at no cost.

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Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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