Malaysia and Bangladesh have signed an accord to move towards the Bangladeshis becoming importers of Malaysian liquefied natural gas as other regasification facilities are considered in addition to the floating terminals already operating in the Bay of Bengal.

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Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, with Excelerate Energy of the US, a leading floating LNG terminal project company.

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South Africa plans to launch a tender in 2020 for its first LNG import terminal north of Durban at Richards Bay in a project partly-funded by a unit of the World Bank that usually helps under-developed nations lIke Bangladesh rather than commodities-rich countries.

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Bangladesh has started up its second liquefied natural gas import facility deployment offshore the port of Cox’s Bazar and the floating storage and regasification unit, the  “Summit LNG”, has already sent gas into the Asian nation’s network.

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