LNG

Bangladesh whittles down LNG import projects

Growth in the country's LNG demand may have been overestimated, with several regas projects having been dropped Growth in the country's LNG demand may have been overestimated, with several regas projects having been dropped.
By Damon Evans 23 October 2018 0 33007
An Excelerate FSRU moored in Argentina. (Argentine energy ministry)

The initial hype surrounding Bangladeshi LNG demand appears to be calming, with a number of FSRU projects falling by the wayside.

Petrobangla last week said it had ceased discussions with India’s Reliance Energy to develop an FSRU project on Kutubdia Island off gas-short Bangladesh. The news follows recent reports that the NOC had dropped plans for two other FSRU schemes proposed by commodity traders Vitol and Gunvor.  

Gas supplies from Excelerate Energy’s Moheshkhali LNG (MLNG) floating terminal, Bangladesh’s first import project, reached customers in...