Petrobangla signs LNG MoU with AOT Energy

Bangladesh Oil, Gas and Mineral Corporation (PetroBangla) signed a memorandum of understanding with Zug-headquartered AOT Energy for LNG procurement. 

Under the MoU, AOT Energy will set up LNG supply deals for Petrobangla, Reuters reports.

Petrobangla has previously contracted Excelerate Energy to set up the country’s first LNG terminal at Moheshkali Island in the Bay of Bengal.

Excelerate will provide an FSRU, an offshore subsea buoy system to anchor the FSRU, and a subsea pipeline to interconnect into the onshore natural gas system.

In addition, Excelerate will provide full operational services, including the provision of port service vessels and overall facility management. The company will fully develop, design, permit, construct, install, finance, and operate the terminal.

The FSRU will be capable of delivering natural gas at a base regasification rate of 500 million standard cubic feet per day, with peaking capacity substantially in excess of this.

State-run Petrobangla has also signed a memorandum of understanding to develop a US$950 million LNG terminal at Kutubdia Island.

LNG World News Staff