Bangladesh seeking long-term LNG deals, to build new import terminals
Bangladesh is looking for long-term liquefied natural gas (LNG) deals with exporting nations such as Brunei, an adviser to the South Asian nation's energy ministry said at the India Energy Week conference on Tuesday.
The government has almost finalized a list of countries to buy spot LNG from, said Muhammad Fouzul Kabir Khan, adding that it plans to set up two LNG import facilities.
One will be a land-based terminal with 1,000-MMft3d capacity, and the other will be a floating, storage and regassification unit with 600 MMft3d in capacity.
Khanalso said that Bangladesh is reviewing all power deals from the last regime and is looking to auction gas blocks and will come out with a tender soon, adding there are good amounts of gas reserves both on- and offshore.
Bangladesh's interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi.
Dhaka still owes money to Adani Power despite the country increasing its payments.
Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt (MW) plant in India, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes.
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