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8 firms shortlisted for LNG land terminal construction

by BIZDATA INSIGHTS
September 4, 2021
in Chemical & Engineering, Engineering
0
Bangladesh imports LNG cargoes from volatile spot market

The government has selected 8 global firms to construct the first ever land-based LNG terminal to supply natural-gas to the Matarbari business hub. The terminal has a capacity to handle 7.5 million tonnes of liquefied natural gas every year.

These firms are Japan’s Mitsui & Co Ltd; Japan Investment Corporation for Matarbari Regas Terminal, a joint venture of Inpex Corporation, Sojitj Corpora-tion, Kyushu Elecrtric Power Co and local Unique Hotel and Resorts Ltd; joint venture of Total Gas Electric Holdings and Total Gas and Power Business Service of France; Petronet LNG Ltd; joint venture of Qatar Petroleum LNG Services and Exxon Mobil of Qatar; joint venture of local Summit Corporation Ltd, Mitsubishi Corporation, and Jera Co Inc and joint venture of United Enterprises & Co Ltd, Posco International Corp and Korea Gas Corporation and the consortium of Sumitomo Corporation and Chugoko Electric Power Co. Inc.

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About 12 firms submitted expression of interest (EOIs) to the Energy and Mineral Resources Division (EMRD) under the Ministry of Power, Energy and Mineral Resources (MPEMR).

Out of the 8 firms one will be selected as the contractor to implement the project. However, under the contract, the company would operate and maintain the terminal for 20 years.

 

Source:

The Financial Express

BIZDATA INSIGHTS
Author: BIZDATA INSIGHTS

Tags: 8 firmsChemical & EngineeringEMRDengineeringIndustry InsightLNG land terminalMPEMRshortlisted
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