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Bangladesh shortlists four firms for Matarbari LNG-import terminal

Wed 17 May 2017 by Karen Thomas

Bangladesh shortlists four firms for Matarbari LNG-import terminal
Bangladesh plans two land-based and one FSRU-based LNG-import terminals (credit: Nicolas Raymond)

Bangladesh-based Power Cell has announced a shortlist of four firms to build an LNG-import terminal at Matarbari on Moheshkhali Island in the Bay of Bengal, according to reports from Dhaka.

Power Cell has chosen Mitsui & Co of Japan, Petronet of India, Shell-owned EP International and a Chinese consortium comprising China Huanqiu Contracting and Engineering and Yifeng Industrial Gas Co, reports Bangladesh news daily The Financial Express.

The land-based LNG terminal will import up to 3.5 million tonnes a year (mta). Power Cell has invited tenders for the EPC contract and for a 60 per cent stake in the project. The remaining 40 per cent will be owned by International Finance-owned IFC Infra Ventures and by state-owned Bangladesh Power Development Board.

Bangladesh hopes to import its first LNG early next year, using a floating storage and regasification unit chartered to Petrobangla from US-based Excelerate Energy. Moheshkali Floating LNG will import up to 3.5 mta, using a submerged-turret loading buoy.

Excelerate has signed a 15-year charter deal with Petrobangla but has yet to confirm which vessel it has fixed.

Bangladesh plans to build a second onshore LNG-import terminal on Moheshkhali to import up to 7.5 mta. Petrobangla subsidiary Rupantorito Prakritik Gas invited tenders for that project in March, and will review the bids next month.