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    Bangladesh to buy LNG from Excelerate

Summary

Excelerate has been operating in Bangladesh since 2018 and has two FSRUs located offshore in the Bay of Bengal.

by: Shardul Sharma

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Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Gas to Power, News By Country, Bangladesh

Bangladesh to buy LNG from Excelerate

Bangladesh plans to purchase 3.6 trillion Btu of LNG from US-based Excelerate Energy, the country’s state-run news agency BSS reported on June 26.

The government-run Petrobangla will pay $13.42/mn Btu for the LNG, cabinet division additional secretary Mohammad Shamsul Arefin said.

Excelerate has been operating in Bangladesh since 2018 and has two FSRUs located offshore in the Bay of Bengal. It completed its 2000th commercial ship-to-ship transfer of LNG on April 3, at the Moheshkhali terminal. 

Meanwhile, BSS in a separate report said the government of Bangladesh had decided to scrap the approval for 10 coal-based power plants in the country as the construction progress on those plants was not satisfactory. The total generation capacity of the scrapped plants is 8.5 GW, it added.