Bangladesh scraps new floating LNG projects for land-based terminals


Bangladesh scraps new floating LNG projects for land-based terminals

Bangladesh will scrap plans to build additional floating liquefied natural gas import (LNG) terminals in favour of land-based stations, a senior government official said.

Adverse weather is making it difficult to operate the country’s sole floating storage and regasification unit (FSRU) and, hence, Bangladesh does not plan to build any further FSRU projects, said Mohammad Quamruzzaman, managing director of the Rupantarita Prakritik Gas Co.

His firm is in charge of LNG imports at state-owned oil firm Petrobangla.

“We will not go for more floating LNG projects at this time. One is already online and another is expected to start in March next year,” he told Reuters. Read More

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