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Bangladesh shortlists 4 companies to build 1st LNG terminal
Dhaka (Platts)--29Dec2011/404 am EST/904 GMT
Bangladesh has shortlisted four international companies to build the country's first LNG import terminal at Moheshkhali Island in the Bay of Bengal, Petrobangla Chairman Hussain Monsur said Thursday.
The four shortlisted companies are: Bermuda-based Golar LNG Energy, a consortium of US' Astra Oil and Excelerate Energy, South Korea's Samsung C&T Corporation and India's Hiranandani Electricity, Monsur told Platts.
The four have been asked to submit their final bids by January 2012, he added.
Bangladesh is planning a floating LNG import terminal with a capacity to handle 5 million mt/year of LNG, regasification capacity of at least 500,000 Mcf/d, and berthing and mooring facilities for LNG ships with a capacity of 138,000-260,000 cubic meters.
Separately, state-owned Gas Transmission Company Limited has moved to lay a 91 km (56.54 mile) Moheshkhali-Anowara gas transmission pipeline to carry regasified LNG from the terminal to shore.
Petrobangla had initially set a target to build the terminal by 2012. "But it now seems that it would take beyond the projected timeline to complete the LNG terminal project due to delays in initial works," Monsur said.
"We, however, want to complete the remaining tasks as soon as possible to implement the project," he added.
Bangladesh in January signed a memorandum of understanding to import 4 million mt/year of LNG from Qatar Petroleum.
Bangladesh's private sector has also recently been allowed to import LNG under the country's newly formulated import policy.
Bangladesh is battling an acute natural gas crisis, with gas output hovering around 2.04 Bcf/d against demand of over 2.50 Bcf/d.
The regasified gas from the terminal will first be supplied to the port city of Chittagong where the supply shortfall is most acute.
--Mohammad Azizur Rahman, email@example.com
More than 40 percent of power production in Bangladesh comes from the private sector. The BPDB purchases electricity from privately owned generation companies and sells to state-run distribution agencies to reach end-users.
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