DHAKA: Bangladesh has joined the ranks of LNG importing countries with the arrival of its first LNG cargo at Moheshkhali Port on Tuesday.
This makes Bangladesh the first new country to start importing LNG in 2018, and only the second since January 1, 2017, as Malta was the only new LNG importer last year. Bangladesh effectively becomes the 41st LNG importing country in the world.
A healthy pipeline of LNG projects, gas shortages and the rapid deployment of floating regasification vessels signal that Bangladesh will be a key LNG importer in coming years, despite commercial challenges like high gas prices.
The Qatar LNG cargo arrived on board the floating, storage and regasification unit, Excellence, at the Moheshkhali LNG terminal on Tuesday, and heralds a new era in Bangladesh’s energy sector, State Minister at the Ministry of Power, Energy and Mineral Resources, Nasrul Hamid, told S&P Global Platts.
