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Bangladesh shortlists Trafigura, Gunvor for two LNG import terminals

LONDON/DHAKA (Reuters) — Bangladesh has shortlisted global commodity traders Trafigura and Gunvor to arrange the installation of two floating LNG import terminals in 2018 as the country transforms into a major LNG consumer.

"Trafigura and Gunvor have been shortlisted out of 13 companies for two 200 MMcfd LNG import terminals," a director at state-run energy firm Petrobangla's LNG division told Reuters.

Petrobangla will hold talks with the companies and deals will then be finalized, he added.

Industry sources say Bangladesh wants the terminals, also known as Floating Storage and Regasification Units (FSRU), in place in 2018.

Gunvor will use an FSRU barge provided by Belgian shipping company Exmar, which fits the shallow water conditions at the port of Chittagong in southeastern Bangladesh where both terminals will be located, industry sources said.

Reporting by Oleg Vukmanovic and Ruma Paul; Editing by Susan Fenton


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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