Excelerate Energy and Petrobangla have reached an agreement on terms for the development and operation of Bangladesh’s first LNG import terminal.
The agreement includes the provision of one of Excelerate’s existing floating storage and regasification units (FSRU) under a 15-year charter, as well as the design and construction of the facility.
The LNG import terminal will be located offshore Moheshkhali Island in the Bay of Bengal, and will provide natural gas to the southeastern Chittagong region of Bangladesh.
The facility will include the installation of a subsea buoy system anchored offshore. The buoy system will act as both the mooring mechanism for the FSRU and as the conduit through which natural gas is delivered to shore through a subsea pipeline. The FSRU will have 138,000 m3 of LNG storage capacity and a base regasification capacity of 500 million ft3/d.
Adapted from press release by Katie Woodward