Dhaka to Sign FSRU Deal with Excelerate on Monday

Stated owned Petrobangla is likely to sign the FSRU construction deal with Excelerate Energy Bangladesh Limited (EEBL) on Monday, according to Dhaka Tribune.

As per the deal, Excelerate will build the FSRU at Maheshkhali on build-own-operate-transfer basis. The unit is expected to be ready in 18 months with LNG imports to begin in 2018.

The Cabinet Committee on Public Purchase on June 22 approved the proposal for setting up the LNG terminal.

According to Dhaka Tribune, Petrobangla will have to pay a total of $90 million as terminal charges excluding tax, VAT and insurance fee to the terminal operator to use its facilities. It will pay about $159,186 per day as fixed component of fees; $45,814 as operating component fees; and $32,000 to the terminal operator.

The terminal operator on an average will charge $0.49 per unit of gas for regasification and processing of the imported LNG, Petrobangla officials told the newspaper.

The state-owned Gas Transmission Company Limited has also moved to lay a 91km gas transmission pipeline from Maheshkhali to Anwara to carry the re-gasified LNG to the mainland.