Govt to import LNG worth $2bn next year

[Homo Sapiens]

Govt to import LNG worth $2bn next year

• Asif Showkat Kallol
• Published at 12:49 AM December 27, 2017

Schematic of an LNG processing terminal WikiMedia
'We are expected to add 500mmcfd of LNG in April 2018 and another 500mmcfd in October 2018'

The government is set to import 1000mmcfd (million cubic feet per day) liquefied natural gas (LNG) in the next year with a cost of $2 billion.

A high-powered committee headed by Md Zakir Hossain, additional secretary to the Power Division, will sit in a meeting on the first day of 2018 to discuss management of the fund for the import.

A nine-member-committee has been formed to carry out the import. The committee includes Economic Relations Division Joint Secretary Md Nasir Uddin Ahmed, Petrobangla Director (finance) Md Tawhid Hasanat Khan, Bangladesh Bank General Manager Md Azizur Rahman and Rupantarita Prakritik Gas Company Limited (RPGCL) Managing Director M Quamruzzaman among others.

“We have already got a nod from the government’s high-ups to use energy security fund for LNG import,” said an RPGCL official seeking anonymity.

“Channeling funds from international donor agencies will also be discussed during the upcoming meeting,” the official added.

“We are expected to add 500mmcfd of LNG in April 2018 and another 500mmcfd in October 2018,” the official concern said.

The government is planning to import about 2000mmcfd LNG by installing four separate floating storage and re-gasification unit (FSRU) by the year 2020, confirmed a senior official of Energy and Mineral Resources Division.

Over half a dozen of local and international companies have expressed their interests to set up LNG-based power plants in the country. The combined power generation capacity of these plants will stand at 13,083MW, sources said.

Of them, a number of local and international companies have already got green signals from the government to install a series of LNG based plants.

The companies included Summit Power, United Group, Reliance Power of India, Mitsui and Co of Japan and Siemens of Germany.

The government is hopeful to get USD$4 billion foreign direct investment (FDI) from German-based Siemens Bangladesh Ltd to install the FSRU in the coming days, top officials said.

Indian Reliance Power Ltd and China Petroleum Pipeline Engineering Company Ltd have proposed to set up 3200MW and 1500MW LNG based plants at Maheshkhali and Meghnaghat respectively.

At present, the country’s remaining natural gas reserve stands at 13.28 trillion cubic feet (TCF) which is eventually pushing the government to look for the comparatively costly sources.
https://www.dhakatribune.com/bangladesh/power-energy/2017/12/27/govt-import-lng-2bn/

 

[Homo Sapiens]

The government is set to import 1000mmcfd (million cubic feet per day) liquefied natural gas (LNG) in the next year with a cost of $2 billion.

Our current domestic gas production is 2700 million cubic feet.So adding 1000 million cubic feet is a big addition.Hopefully it will end the acute gas crisis currently facing the industry and power plant.

 

[bluesky]

Govt to import LNG worth $2bn next year

@idune, do you really think that BD economy will be losing $2 billion every year and will suffer by importing LNG? I am asking you because you made thisr type of comments somewhere in some other thread. What is your idea? Should BD stop spending on the construction of LNG terminals and stop import of gas?

 

[Russell]

@idune, do you really think that BD economy will be losing $2 billion every year and will suffer by importing LNG? I am asking you because you made thisr type of comments somewhere in some other thread. What is your idea? Should BD stop spending on the construction of LNG terminals and stop import of gas?

Why do you insist on engaging this imbecile? If Khamba Tareq and BNP had come up with this, he would be praising it to high heaven.

Save yourself the hassle and more importantly save those of us who have him on ignore, from having to read any 'discussions' involving him.

 

[bluesky]

Take it easy. People need also clowns for fun. However, @idune dislikes me and does not answer to my post. He must be an Indian.

 

[Homo Sapiens]

Take it easy. People need also clowns for fun. However, @idune dislikes me and does not answer to my post. He must be an Indian.

@idune don't bother giving any reply if it doesn't involve revealing the power and prestige of India over Bangladesh.RAW has done a very good job appointing such a diabolical, double faced character to confuse the unsuspecting Bangladeshi people with the hope that slowly but surely they will mentally accept Indian domination and supremacy over their country as a fait accompli.

 

[KapitaanAli]

Indian Reliance Power Ltd and China Petroleum Pipeline Engineering Company Ltd have proposed to set up 3200MW and 1500MW LNG based plants at Maheshkhali and Meghnaghat respectively.

Reliance is working at Meghnaghat.

Reliance Bangladesh LNG Terminal Ltd.
Location
:
Bangladesh

Capacity
:
3,000 MW

Fuel Source
:
LNG

Status
:
Under – Construction

Reliance Power has executed Project Agreements with Bangladesh Power Development Board (BPDB) for Phase – I of 750 MW LNG based combined cycle power project at Meghnaghat, near Dhaka in Bangladesh which include Power Purchase Agreement (PPA) and Implementation Agreement (IA). An MoU has also been signed with PetroBangla to set up 500 mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh. The project will give a tremendous boost to the economic and industrial growth of Bangladesh and help to enhance the energy security with clean, green and reliable LNG based power.

 

[mb444]

Why do you insist on engaging this imbecile? If Khamba Tareq and BNP had come up with this, he would be praising it to high heaven.

Save yourself the hassle and more importantly save those of us who have him on ignore, from having to read any 'discussions' involving him.

BDs can have alternative views I do not see why this an issue. You are a BAL supporter and make a dig at BNP at every opportunity. This is your right as is Idunes right to point out the follies of BAL.

Having a counter narrative is not a sigh of imbacity.