Excelerate commissions Bangladesh’s first LNG terminal
Texas-based floating LNG solutions provider Excelerate Energy completed the commissioning of the Moheshkhali floating LNG terminal marking the official commencement of operations for the project.
Bangladesh’s first liquefied natural gas import facility is located offshore Moheshkhali Island in the Bay of Bengal and has been commissioned 25 months after the execution of project agreements, which took place in July 2016, with the state-owned Bangladesh Oil, Gas & Mineral Corporation (Petrobangla).
The terminal has begun delivering natural gas to the Chittagong region of Bangladesh, marking the first time the country has received natural gas from the global market, Excelerate said in its statement.
The new terminal enables Petrobangla to procure LNG from international natural gas markets and is expected to increase natural supply to the country by twenty percent.
Excelerate has deployed its floating storage and regasification unit, the Excellence, has 138,000 cubic meters of LNG storage capacity and a base regasification capacity of 500 million standard cubic feet per day.
The LNG cargo used to commission the terminal was supplied by Qatargas.