LNG

Sept 8 (LNGJ) - The government of Bangladesh has short-listed eight global companies, including US and European majors as well as various Japanese companies, to develop the nation’s first onshore liquefied natural gas import terminal.

   The Bangladesh Energy and Mineral Resources Division of the government said it would make the final decision soon on the group chosen to build the facility near the coastal town of Cox’s Bazar on the Bay of Bengal. The proposed new onshore terminal would handle 7.5 million tonne per annum of LNG, which is around the same as the two floating storage and regasification units (FSRUs) currently deployed.

JERA Co. Inc., the  biggest Japanese utility and liquefied natural gas procurement company, said it acquired 22 percent of the outstanding shares in Summit Power International, a generating group operating in Bangladesh and owner of the Asian nation’s second floating LNG import terminal.