5th June 2017
EP Report

Power Cell has short-listed four international firms to build an onshore LNG (liquefied natural gas) terminal under an equity partnership of developer, financier and a state-owned entity of Bangladesh, said officials.

The proposed terminal having a capacity of 3.5 million tonnes per year would be built at Matarbari of Moheshkhali Island in the Bay of Bengal.

The short-listed firms have been selected from among 15 contenders that initially submitted expression of interests (EoIs), said an official.

The short-listed firms are Japan's Mitsui & Co. Ltd, China's consortium of China Huanqiu Contracting and Engineering Corporation & Yifeng Industrial Gas Co Ltd, India's Petronet and Royal Dutch's Shell EP International Ltd.

The selected bidder would have 60 per cent stake in the proposed project and implement it as an engineering, procurement and construction contractor.

It would be responsible for the design and commissioning of the terminal, which would have receiving, offloading, storage and re-gasification facilities.

Of the remaining 40 per cent stake, International Finance Corporation's IFC Infra Ventures fund would have 20 per cent and state-owned Bangladesh Power Development Board (BPDB) would have 20 per cent.