Indonesia Looks to Export LNG to Bangladesh

Indonesia is interested in exporting LNG to Bangladesh, Iwan Wiranata Atmadja, the Indonesian ambassador to Bangladesh said January 29, according to Dhaka Tribune. Atmadja met with Bangladeshi state minister for power, energy and mineral resources Nasrul Hamid.

“We would require 3,500mn ft³/d gas in the future. So, we have been looking for available sources,” the minister said.

Atmadja further stated that Indonesian public as well as private companies are willing to invest in Bangladesh’s energy sector, especially floating LNG import terminals.

To meet rapidly growing domestic gas demand, Bangladesh government is looking to import LNG and set up adequate infrastructure. Dhaka has signed two agreements for setting up of FSRU in last almost one year. Petrobangla last year signed a contract with Excelerate Energy under which the latter would build and operate a floating terminal in Moheshkhali. Then earlier this year, the state-owned energy company signed a second agreement with a local private sector company Summit Group. This FSRU will also be located at Moheshkhali. In addition to these, Petrobangla has also signed an MoU with Indian Petronet for setting up of a land based terminal. 

Shardul Sharma