Bangladesh to buy LNG from Excelerate
Bangladesh plans to purchase 3.6 trillion Btu of LNG from US-based Excelerate Energy, the country’s state-run news agency BSS reported on June 26.
The government-run Petrobangla will pay $13.42/mn Btu for the LNG, cabinet division additional secretary Mohammad Shamsul Arefin said.
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Excelerate has been operating in Bangladesh since 2018 and has two FSRUs located offshore in the Bay of Bengal. It completed its 2000th commercial ship-to-ship transfer of LNG on April 3, at the Moheshkhali terminal.
Meanwhile, BSS in a separate report said the government of Bangladesh had decided to scrap the approval for 10 coal-based power plants in the country as the construction progress on those plants was not satisfactory. The total generation capacity of the scrapped plants is 8.5 GW, it added.