Bangladesh has shortlisted global commodity traders Trafigura and Gunvor to arrange the installation of two floating liquefied natural gas (LNG) import terminals in 2018 as the country transforms into a major LNG consumer.

Bangladesh shortlists Trafigura, Gunvor for two LNG import terminals
Caption: EXMAR Floating Regasification - Image courtesy of EXMAR

“Trafigura and Gunvor have been shortlisted out of 13 companies for two 200 million cubic feet/day 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 finalised, 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.

Source: Reuters