MNA Business Desk: Bangladesh has signed a long-term “LNG Sales and Purchase Agreement with Qatar’s RasGas” to import up to 2.5 million tonnes of liquefied natural gas (LNG) annually to meet the country’s growing energy demand.
Petrobangla’s chairman Abul Mansur Md Faizullah and the chief executive officer of RasGas Hamad Rashid Al-mihammadi signed the agreement for 15 years on behalf of their respective sides with the target of supplying and procuring 2.5 tonnes of LNG annually, reported news agency.
State minister for power, energy and mineral resources Nasrul Hamid and Qatar’s energy and industries minister Mohammad Bin Salah Al-Sada witnessed the agreement signing ceremony at Sheraton Hotel in Doha.
Nasrul Hamid said Bangladesh is planning to invest more for ensuring uninterrupted energy supply, as the energy demand is increasing gradually.
The construction works for two FSRU (Floating Storage Re-gasification Unit) having 7.5 million tonnes LNG per year is going on along with land based LNG terminals aimed at reducing demand and supply gap, he said adding that the government has also undertaken initiative to construct LNG based power plant alongside importing small scale LNG.