Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.

Bangladesh’s first LNG project secures financing

IFC, a member of the World Bank Group, and Excelerate Energy Bangladesh (Excelerate) have secured debt financing to co-develop the Moheshkhali floating LNG project –Bangladesh’s first LNG import terminal. The project, which will cost $179.5mn, will expand access to clean energy in Bangladesh.

The LNG import terminal will provide the critical infrastructure required for the country to access natural gas from global markets and enable Petrobangla, the state-owned energy company, to increase natural gas supply in the country by up to 20%. This supply increase will support up to 3,000 MW of power generation capacity. Construction will begin in 2017 and the terminal is expected to be in service by mid-2018.

News Item details


Journal title: Petroleum Review

Countries: Bangladesh -

Subjects: Banking, finance and investment, Liquefied natural gas, Gas, LNG Terminals, LNG markets

Please login to save this item