Exploration & Production

Bangladesh to drive up LNG imports with larger projects

Bangladesh has dropped two small-scale LNG import projects in favour of larger facilities as the government pushes to boost import volumes Bangladesh has dropped two small-scale LNG import projects in favour of larger facilities as the government pushes to boost import volumes.
By Catriona Scott 27 September 2018 0 32711
Regasification vessels Excelerate and Excelsior (YPF) Regasification vessels Excelerate and Excelsior (YPF)

Directional impact on forecast:
Bullish for LNG imports

Bangladesh started receiving LNG only recently, but expansion plans could see its import capacity double within the next six months.

The country’s first LNG terminal, the 3.75 mtpa Moheshkhali LNG (MLNG) facility, took its initial cargo in August. Petrobangla has 3.50 mtpa of supply contracts already secured for the facility. A 15-year supply contract with Qatar for 2.50 mtpa started this year and a 1 mtpa contract with Oman is due to start in 2019. Petrobangla is...