The first shipment of Liquefied Natural Gas (LNG) is scheduled to arrive at Moheshkhali Island in the Bay of Bengal on April 23. The liquid will then be gasified and pumped into the national gas grid at a rate of 500 million cubic feet per day (mmcfd) from May 9.
“Prime Minister Sheikh Hasina also the Minister for Energy and Power will inaugurate the pumping job on April 25, the commissioning of the LNG into the national grid will be
start from May 9.
In the last few months, the Energy Division has met several times to make import LNG from abroad smooth.
The cargo to Moheshkhali Island will be transported by Excelerate Energy 138,000m3 Excellence, the floating storage and regasification unit (FSRU) that will take up position as the country’s first LNG import terminal on arrival on site. Excellence will be moored utilising a submerged turret loading device which allows the FSRU and any delivery LNG carrier tethered to it in a side-by-side arrangement to weathervane during cargo transfer operations.
Excellence is currently being serviced in the DryDocks World repair yard in Dubai, after which it will sail to Ras Laffan in Qatar to load the inaugural Bangladeshi LNG shipment. Petrobangla, the state oil and gas company of Bangladesh, has signed a 15-year, 2.5 mta SPA with Qatargas to underpin this project, the official said.
Bangladesh is developing a number of LNG import projects and the second to reach fruition will be Summit LNG. Due to commence operations in October 2018, Summit, like Excelerate, will make use of an FSRU based near Moheshkhali Island and able to process up to 3.75 mta of LNG.
The second shipment of LNG supply is expected in late 2018 from another LNG terminal being built by the country’s biggest power producer Summit, which would supply another 500 mmcfd from Moheshkhali, the official said.
Earlier, Finance Minister AMA Muhith said most of the LNG importers are private firms, and the government will buy LNG from them. “Therefore, the price will be high.”
However, Bangladesh Petroleum Corporation (BPC) sent a letter to the Energy Ministry, proposing a price hike.