6th July 2019
EP Report


Bangladesh has received interest from twelve companies to build the country's first onshore liquefied natural gas (LNG) import terminal, according to sources.


The South Asian country, which has a population of more than 160 million, is turning to land-based LNG terminals as its first imports of the super-chilled fuel via a floating platform were delayed due to weather and technical issues.


Rupantarita Prakritik Gas Co, part of state-owned oil and gas company Petrobangla, earlier this year had requested expressions of interest (EOI) from potential terminal developers for a land-based LNG regasification terminal at Matarbari in the Cox's Bazar district of southern Bangladesh.


Twelve companies have submitted their interest to build the terminal, said two officials from Rupantarita Prakritik Gas Co.


The companies include Japan's Mitsui, South Korean utility KOGAS, and a consortium led by Summit Corp, a unit of Bangladesh's Summit Group, the officials said.


Japan's Mitsubishi and JERA Co, the world's largest LNG buyer, are minority stakeholders in the Summit consortium.


India's Petronet LNG and a French company have also submitted their interest, a person familiar with the matter said. The person, who didn't identify the French company by name, spoke on condition of anonymity as he was not authorized to speak with media.


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