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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At October’s HPI Forecast Breakfast for our sister publication, <i>Hydrocarbon Processing</i>, I shared <i>Gas Processing</i>’s forecast on change in the LNG industry.
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The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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