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2018-06-04 13:05:00

BANGLADESH LNG UP

BANGLADESH LNG UP

EIA - In April 2018, Bangladesh became the newest country to begin imports of liquefied natural gas (LNG). In the next two years, six more countries—Panama, Gibraltar, Russia, Philippines, Ghana, and Bahrain—are expected to start importing LNG, adding a combined 2.1 billion cubic feet per day (Bcf/d) of new regasification import capacity.

In 2017, global LNG trade expanded by a record 10% (3.5 Bcf/d) compared to the prior year, with 19 exporting countries and 40 importing countries engaged in LNG trade. By 2022, once all regasification terminals currently under construction are completed, global regasification capacity is projected to expand by 13.1 Bcf/d (a 12% increase) compared to 2017 and reach 125 Bcf/d. Although, historically, global nameplate regasification capacity far exceeded LNG imports (capacity utilization averaged 32%–38% annually over the past ten years), utilization of the new regasification capacity is expected to be higher as many of the new regasification terminals will serve specific downstream projects, have associated long-term LNG import contracts, and/or are built in markets with rapidly growing natural gas demand.

Most of the new regasification capacity coming online in 2018–22 is located in China and India, which are projected to add 7.3 Bcf/d (combined), accounting for 55% of the total global capacity additions in this period. Regionally, Asia (including China and India) will lead the growth in global regasification capacity additions with 8.5 Bcf/d under construction (65% of the total global additions). Other projected additions to the global total include:

  • The Middle East (Bahrain and Kuwait) at 2.3 Bcf/d (18%)
  • Brazil and Panama at 1 Bcf/d (8%)
  • Europe (Belgium, Greece, Russia, Finland, and Gibraltar) at 0.8 Bcf/d (6%)
  • Africa (Ghana) at 0.45 Bcf/d (3%)

Almost three-quarters of the new capacity additions (9.5 Bcf/d) will be located onshore, and 3.6 Bcf/d of the new regasification capacity will include offshore terminals connected to Floating Storage and Regasification Units (FSRUs).

Panama is expected to become the newest LNG importer as the country prepares to take its first LNG shipment in the coming weeks. Panama's Costa Norte regasification facility (0.2 Bcf/d) is located in Colon, near the entrance to the Panama Canal on the Atlantic Ocean, and will initially serve the adjacent 380 MW capacity LNG-fired AES Colon power plant. It will also serve the new 420 MW capacity Gas-to-Power Panama natural gas-fired power plant, which is expected to come online by 2020.

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Earlier:

 РОССИЯ - ИНДИЯ - БАНГЛАДЕШ: АЭС
2018, March, 4, 11:00:00

RUSSIA - INDIA - BANGLADESH NUCLEAR

ROSATOM - ROSATOM, the Ministry of Science and Technology of the People's Republic of Bangladesh and the Department of Atomic Energy of the Government of the Republic of India signed a Memorandum of Understanding on cooperation in the implementation of the Rooppur NPP construction project in Bangladesh.

 QATAR - BANGLADESH LNG
2017, September, 27, 13:30:00

QATAR - BANGLADESH LNG

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.

 BANGLADESH'S LNG TERMINAL
2017, 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.

Tags: BANGLADESH, LNG, GAS