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2017-09-27 13:30:00

QATAR - BANGLADESH LNG

QATAR - BANGLADESH LNG

GAS PROCESSING RasGas Company Limited sealed a landmark 15-yr LNG Sales and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla). The agreement was signed in Doha by Mr. Hamad Mubarak Al-Muhannadi, CEO of RasGas, and Mr. Abdul Mansur Md Faizullah, Petrobangla Chairman.

The event was attended by H.E. Dr. Mohammed bin Saleh Al Sada, Qatar's Minister of Energy and Industry, the honorable Bangladesh State Minister Nasrul Hamid, H.E. Mr. Saad Sherida Al Kaabi, the President and CEO of Qatar Petroleum, and Mr. Syed Ashfaquzzaman, Secretary of Petrobangla.

During the event, Mr. Al Muhannadi, outlined the size and duration of the agreement, which will see the Qatari energy giant supplying 2.5 MMtpy of LNG to Petrobangla for 15 yr.

Deliveries will be to Petrobangla's floating storage and regasification unit (FSRU) near Moheshkhali Island in Bangladesh, marking RasGas' first long-term contract delivered to a FSRU.

The agreement with Petrobangla asserts RasGas' continued commitment to ensuring energy security to its customers in Asia, as well as its position as a reliable supplier of LNG, a cleaner, more efficient source of energy.

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Earlier:

QATAR: 

   

 BANGLADESH:

 QATAR - TURKEY LNG
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

     BANGLADESH'S LNG TERMINAL
April, 21, 20:30:00

BANGLADESH'S LNG TERMINAL

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.

 QATAR SHOW  STRENGTH
July, 5, 12:15:00

QATAR SHOW STRENGTH

Qatar mounted what appeared to be a show of strength on Tuesday, when the state-owned Qatar Petroleum announced plans to raise liquefied natural gas capacity by 30 percent. Its immediate effect will be to worsen a glut on the LNG market where Australia, the United States and Russia vie.

     
 QATAR - EXXON COOPERATION
June, 26, 23:30:00

QATAR - EXXON COOPERATION

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on Monday cut ties with Qatar, accusing the country of supporting extremism. Qatar denies the allegations.

     
 RUSSIA - QATAR COMPETITION
June, 24, 09:45:00

RUSSIA - QATAR COMPETITION

Qatar and Russia have long been rivals in global gas markets. Qatar's supplies came under the spotlight in the past month after Saudi Arabia cut economic and diplomatic ties, in a move ratcheting up a wider violent and diplomatic conflict in the Middle East.

     
 QATAR WILLING TO SPEAK
June, 7, 18:00:00

QATAR WILLING TO SPEAK

"We are willing to sit and talk," Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani told CNN late on Tuesday. He said his country was "protecting the world from potential terrorists".

     
 QATAR - JAPAN LNG TALKS
May, 31, 17:35:00

QATAR - JAPAN LNG TALKS

Qatar faces rising competition from a tide of new LNG from sources including Australia, which is expected to surpass it as the world's top exporter by 2019.

     
 QATAR'S GDP UP TO 2.7%
April, 12, 18:40:00

QATAR'S GDP UP TO 2.7%

Lower hydrocarbon prices have adversely impacted macroeconomic performance. Growth has slowed despite still resilient non-hydrocarbon activity. Real GDP growth of 2.7 percent is estimated for 2016. Inflation remained low despite subsidy cuts, averaging about 2.7 percent in 2016.

       

 

 

 

Tags: QATAR, BANGLADESH, LNG, GAS

Chronicle:

QATAR - BANGLADESH LNG
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

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QATAR - BANGLADESH LNG
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

QATAR - BANGLADESH LNG
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

QATAR - BANGLADESH LNG
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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