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Latest issue of The LNG Markets
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Highlights of Issue :

A global rebound from Covid-19 combined with extraordinary demand for winter LNG cargoes, lowest EU gas storage level in five years and gas supply trouble in the US- first due to hurricane Ida and now hurricane Nicholas has pushed natural gas and LNG prices to its record high level.
Early in September, Hurricane Ida disrupted sizable feed gas supply in the US and now on Sep 14 hurricane Nicholas knocked out Freeport LNG liquefaction facility on the Texas Gulf Coast.

Kamlesh Trivedi

Editor
kamlesh@lngworldwide.com

 

Trade Overview
Steep rise in winter prices feared by Asian European importers
 
  News

Bangladesh government approves eight consortium of companies for 7.5mil mt/year land based LNG terminal

Bangladesh government has approved the list of eight developers for 7.5mil mt/year on land LNG receiving terminal at Matabari in Cox Bazar area.

The list included following eight consortium of companies. 1. Total Gas and Power Business Services and Total Gas Electricite Holdings France, 2. Japan Investment Corporation, Kyushu Electric Power Co. Inc. and Unique Hotel & Resorts Ltd. 3. Petronet LNG from India. 4. Qatar Petroleum LNG Services Ltd and ExxonMobil LNG Market Developments Inc. 5. Mitsui & Co. Ltd. 6. Consortium of Summit Corporation Ltd, Mitsubishi Corporation and Jera Co. Inc. 7. Consortium of United Enterprises & Co. Ltd. Posco International Corp. and Korea Gas Corp (KOGAS)  8. Consortium of Sumitomo Corporation and Chugoko Electric Power Co. Inc.    

Rupantarita Prakritik Gas Company Ltd (RPGCL), a group company of Petrobangla, the state-owned petroleum company of Bangladesh, had invited Expression of Interest (EOI) in January 2019 for the above mentioned land-based LNG terminal. The terminal has been offered on Build Own Operated Transfer (BOOT) basis for 20 years to a successful bidder by the Bangladesh government.

Bangladesh currently has two floating storage ragasification unit (FSRU) based LNG receiving terminals which helps Bangladesh importing LNG. Bangladesh commissioned its second FSRU based 3.75mil mt/year capacity terminal in Jan 2019, promoted by Summit Group. The first FSRU was commissioned by Excelerate Energy and was commissioned in Aug 2018. Both the FSRUs are located at Moheshkhali Island in Cox Bazar area of Bangladesh.


 
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