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Bangladesh to receive maiden LNG cargo from Qatar on April 23

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Bangladesh to receive maiden LNG cargo from Qatar on April 23

Dhaka — Bangladesh is expected to receive its first LNG cargo from Qatar aboardthe floating, storage and regasification unit Moheshkhali LNG on April 23,Nazimuddin Chowdhury, secretary in the Energy and Mineral Resources Divisionunder the energy ministry said last week.

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"The FSRU is now in a dry dock in Dubai, from where it will leave forQatar on April 12-13 to load the LNG," another official with the EMRD said.

Supply of regasified LNG into the country's national gas grid will startby the end of the month.

The first LNG cargo could supply regasified LNG for around 15-20 days,state-owned Rupantarita Prakritik Gas Company's Managing Director MdQuamruzzaman said.

Deliveries from Qatar are part of a sales and purchase agreement withRasGas for 2.5 million mt/year of LNG, priced at 12.5% of the three-monthaverage of Brent plus an additional 0.5%.

Bangladesh is in negotiations with other suppliers and is planning tosign binding LNG SPAs for more than 3 million mt/year shortly.

The FSRU, which belongs to US-based Excelerate, has a capacity of 3.75million mt of LNG, and will be moored at Moheshkhali island, near the port ofChittagong.

Bangladesh's second LNG import terminal, a 3.75 million mt/year FSRU,being developed by the local Summit Group, is expected to be commissioned inOctober.

The country is in negotiations with four other suppliers for long-termdeals and is also eyeing short-term and spot purchases.

--Abache Abreu, abache.abreu@spglobal.com

--Azizur Rahman, newsdesk@spglobal.com

--Edited by E Shailaja Nair, newsdesk@spglobal.com