The state-run companies, Petrobangla of Bangladesh and Indonesia’s Pertamina signed a letter of intent aiming to begin talks on liquefied natural gas (LNG) supply.
Bangladesh is looking to import LNG as it battles the domestic natural gas shortfall and the country is expected to ramp up imports to 17.5 million tons per year by 2025.
The letter of intent was signed during the visit of Indonesia’s president Joko Widodo to Bangladesh, Reuters reports.
The country has previously formalized its 15-year deal with Qatar for 2.5 million tons per year.
It was earlier reported that Pertamina is close to signing the deals with, Petrobangla and Pakistan’s state-run Pakistan LNG with volumes expected to be between two and three million tons per year.
Bangladesh currently has two terminals under development, one by Excelerate Energy and the other by Summit LNG to be located at Moheshkhali Island in the Bay of Bengal. The terminal being developed by Excelerate is set to be commissioned by April 2018 and the Summit terminal by October 2018, respectively.
Both FSRUs have a 3.75 million tons of LNG per year capacity.
LNG World News Staff