Bangladesh, Qatar in  LNG Deal
Bangladesh, Qatar in  LNG Deal

Bangladesh, Qatar in LNG Deal

Bangladesh, Qatar in LNG Deal

Bangladesh will sign a 15-year deal with Qatar’s RasGas Company to import liquefied natural gas starting in 2018 as the country transforms into a major consumer of the super-cooled fuel, two officials told Reuters. The deal will be signed on Sept. 25 in Qatar, said Mohammad Quamruzzaman, managing director of the Rupantarita Prakritik Gas Company, part of state-owned oil firm Petrobangla. Under the deal, RasGas will supply 1.8 million tons a year of LNG for the first five years and to 2.5 million tons over the next 10 years, the Petrobangla officials said. The agreement is Bangladesh’s first LNG import agreement ever. Qatar is the world’s biggest LNG exporter and the fuel will cover the country’s domestic natural gas shortfall. Qatar said last week it planned to raise its LNG output by 30% to roughly 140 billion cubic meters a year in the next five to seven years. The International Energy Agency says global LNG export capacity would reach 650 bcm a year by the end of 2022.


Short URL : https://goo.gl/GMXR9o
  1. https://goo.gl/rE6CCS
  • https://goo.gl/kGUQeZ
  • https://goo.gl/6A5ie5
  • https://goo.gl/LHkaKk
  • https://goo.gl/JFx2y3

You can also read ...

Iran to Tap International Banks for Energy Finance
Domestic water and power plans are expected to draw a total of...
China Can Substitute US Crude With Iranian Oil
Beijing’s retaliatory measures against US tariffs can include...
Exxon to Build LNG Terminal in Australia
ExxonMobil plans to develop a project to import liquefied...
Goldman kept its forecast that Brent Crude will hit $82.50 a barrel this summer and end 2018 at $75 per barrel.
Despite expectations that OPEC and Russia will likely decide...
Japan Accelerates Plan for Restoring Gas Supply
Japan’s Osaka Gas Company said on Tuesday it would bring...
NIOC Needs to Maintain Current Output, Exports
Despite the US-Saudi Arabia ploy to coerce OPEC members' to...

Add new comment

Read our comment policy before posting your viewpoints