Bangladesh stops LNG talks with Trafigura

Bangladesh stops LNG talks with Trafigura
Image courtesy of Exmar

State-owned Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has canceled its talks with the Swiss trading company Trafigura regarding the development of an LNG import terminal. 

The company, however, has continued its talks with Trafigura’s compatriot Gunvor on a separate project.

Speaking to Reuters a director at Petrobangla’s LNG division said that Trafigura delayed its agreement to supply LNG to Chittagong Urea Fertilizer which was the reason for talks cancelation.

Bangladesh, that is rapidly developing its LNG importing capacity which is expected to reach 17.5 mtpa by 2025, held talks with three Swiss trading companies, namely, Trafigura, Vitol and Gunvor.

Unlike Trafigura, Gunvor is progressing with the development of its LNG import project in Bangladesh and has signed a deal with Belgium’s Exmar, the Nicolas Savery-led shipowner, to charter its barge-based FSRU for a ten-year term.

The FSRU barge is expected to arrive in Bangladesh in the fourth quarter of this year and start operations after its full commissioning.

The state-owned Petrobangla also expanded its LNG supply deals by securing 1 million tons of LNG per year in an agreement with Oman Trading International.

In September 2017, Petrobangla and Qatargas signed an SPA for the supply of up to 2.5 million tons of LNG per annum for 15 years.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >