18th July 2019
EP Report

 

The private parties concerned will have the liberty to sell re-gasified LNG at the prices negotiated with their buyers under the maiden LNG import policy adopted by the government recently.

 

Under the "LNG Import Policy for Private Sector 2019," the private parties, local or foreign, will be able to import LNG (liquefied natural gas), re-gasify it and sell the re-gasified LNG to the consumers of their choice.

 

The government will not interfere in fixing the selling prices of the re-gasified LNG imported by the private parties, the policy spells out.

 

The private sector LNG importers would also be allowed to use the imported re-gasified LNG at their own power plants and industrial units and for other commercial purposes.

 

They would also have the liberty to supply the re-gasified LNG to others' power plants, industrial units and commercial entities.

 

The private sector will, however, be allowed to sell the 'surplus' re-gasified LNG, not exceeding 25 per cent of their total imported volume, to the state-run Petrobangla that markets petroleum products locally, the policy states.

  


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