A feasibility study will be carried out by the government amid increasing lobbying before any firm is permitted to construct FSRU (floating, storage and regasification unit) at Payra. The decision was taken by the Ministry of Power, Energy and Mineral Resources (MPEMR).
The US-based Excelerate Energy, Summit Group and state run North West Power Generation Company Ltd (NWPGCL) among others are interested in constructing the FSRU.
As stated by a senior energy minister to the Financial Express, the feasibility study will consider the economic and geographical aspects of the project. It will consider the lengths of the subsea pipeline which will connect the FSRUs with the shore where the energy minister stated that if the subsea pipeline is too long then the construction of it will not be economically viable.
No contractors were selected by international tender by the state run Petrobangla. The two firms Excelerate Energy and Summit Group have proposed to construct floating LNG import terminals.
The energy advisor of the Consumers Association of Bangladesh (CAB) stated that the government should focus on selecting a contractor for engineering, procurement and construction (EPC) and Petrobangla to acquire stakes in the FSRU.