DECEMBER 29 2011 13:25h
Bangladesh invites bids for LNG terminal
Bangladesh produces around 630 billion cubic feet of natural gas each year. Proven reserves, located in the east of the country, total an estimated 1.4 trillion cubic feet of natural gas.
Hussain Monsur, chairman of state energy company Petrobangla, told the Platts news service that Golar LNG Energy, South Korea's Samsung, India's Hiranandani Electricity and a U.S. consortium, Astra Oil and Excelerate Energy, were invited to submit bids for an LNG import terminal in the Bay of Bengal.
The floating LNG terminal could handle as much as 5 million tons of LNG per year and have a regasification capacity of at least 500,000 million cubic feet per day.
All four companies are asked to have bids in to Petrobangla by January, added Monsur.
In October, Gazprom officials offered to drill 11 natural gas wells in Bangladesh during talks Petrobangla. ConocoPhillips signed a production sharing contract with Petrobangla in June.
DHAKA, Bangladesh, Dec. 29 (UPI) -- Four international companies were invited to submit bids for the first liquefied natural gas terminal for Bangladesh, an energy official said.