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Saudi Aramco plans to supply LNG to Bangladesh

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LNG Industry,

Reuters is reporting that Saudi Aramco plans to supply LNG to Bangladesh as part of a US$3 billion agreement signed in October.

The deal, signed by ACWA Power and Saudi Aramco with the Bangladesh Power Development Board, is for the development of a 3600 MW LNG-based power plant and LNG terminal.

According to Salman Fazlur Rahman, investment adviser to Bangladeshi Prime Minister Sheikh Hasina, Saudi Aramco will construct the LNG terminal and supply the LNG to be stored there, and ACWA will build the power station to convert the LNG to power.

Bangladesh is expected to become a major LNG importer in Asia, alongside countries such as Pakistan and India, as its domestic gas supplies fall.

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