3rd November 2018
EP Report


State-run Petrobangla has planned to start importing lean LNG from Oman Trading International (OTI) by May 2019, one year after inking a sales and purchase agreement (SPA).


Petrobangla and OTI agreed recently to initiate LNG import and re-gasify it in the FSRU at Moheshkhali Island in the Bay of Bengal, a senior Petrobangla official said.


The LNG (liquefied natural gas) would be imported from the middle-eastern firm OTI under the country's second long-term LNG import contract.


Petrobangla and OTI entered into the SPA on May 6, 2018 to import around 1.0 million tonnes per year (Mtpa) of LNG for 10 years.


It inked the first SPA with Qatar's RasGas on September 25, 2017 to buy 2.5 Mtpa of lean LNG over 15 years.


Bangladesh started regular imports of LNG from RasGas around one year after inking the SPA from September 9.


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