BANGLADESH'S LNG TERMINAL
PLATTS - State-owned Petrobangla has inked final deals with Summit LNG Terminal Co., a subsidiary of the Summit Group, to development Bangladesh's second floating LNG terminal, Tariqul Islam Khan, Petrobangla's manager of communication, said Friday.
A terminal use agreement and an implementation agreement for the building of the floating LNG import terminal at Moheshkhali island in the Bay of Bengal were signed Thursday, he added.
This would be the second floating LNG terminal in Bangladesh. The first one is being developed by US-based Excelerate Energy Bangladesh Ltd. at the same location.
Petrobangla inked the deal under a special policy that allowed it to bypass the tendering process.
This policy gives the government sweeping powers to bypass existing legislation in the energy and power sectors so that it can implement projects quickly, a senior energy and power ministry official said Friday.
Summit has agreed to develop the facility on a build, own, operate, transfer, or BOOT, basis with 9 km subsea pipeline off Moheshkhali within 18 months of signing the final contract to facilitate supply of around 500,000 Mcf/d of gas from imported LNG.
Summit will transfer the facility to Petrobangla after 15 years.
Petrobangla will pay 45 cents/Mcf to Summit for the service.
The cost of the second project is estimated at $400 million-500 million, which Summit will implement jointly with US based General Electric as an 20% equity investment partner.
Bangladesh expects to start importing LNG in 2018 through the first floating LNG import terminal being developed by Excelerate.
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REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.
“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”