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4 July, 2018 00:00 00 AM / LAST MODIFIED: 3 July, 2018 11:37:28 PM
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LNG supply thru pipeline delayed once again

Govt will need Tk 33.44 per cubic metre to import 1000mmcfd of LNG
STAFF REPORTER

The country is yet to enter the era of gas supply from imported liquefied natural gas (LNG) as LNG supply through pipeline has been delayed further due to inclement weather in the Bay of Bengal. A Petrobangla official told The Independent that US-operator Excelerate Energy established all the necessary connection from the floating storage and re-gasification unit (FSRU) to land but tidal waves in the Bay of Bengal delayed the start of gas supply.

Following three changes in the dates to start the supply of LNG through the pipeline, it was expected that the gas supply would start on July 4. M Quamruzzaman, managing director, Rupantarita Prakritik Gas Company Limited (RPGCL), told a hearing on gas tariff hike at TCB auditorium on June 27 that “we are hopeful of commissioning the LNG supply on July 4”.

Speaking to The Independent yesterday, Quamruzzaman said preparation for the supply of LNG through the pipeline was completed. “We don’t want to rush as there was bad weather in the sea. Hopefully, the supply will start within a week,” he said.

The delay, however, puts the government in trouble in managing 105 million cubic metres of daily demand for gas with indigenous supplies worth only 76 million cubic metres per day.

According to the Petrobangla official, the government will need Tk 33.44 per cubic metre to import 1000mmcfd of LNG at a cost of USD8.5 per mmcfd inclusive of import duty and other charges.

After mixing the 1000mmcfd imported LNG with 2700mmcfd local natural gas, the cost will come down to Tk 12.89 per cubic metre, the official said. Local natural gas costs Tk 5.32 per cubic metre.

In the wake of a severe shortage of gas supplies and little progress in oil and gas exploration in the country’s territory, the government in 2010 decided to import LNG and floated international tenders to set up re-gasification vessel at Moheshkhali to facilitate gas supplies at a rate of 14.16 million cubic metres per day from imported LNG from 2012.

After a series of revision of Excelerate’s proposal, Petrobagla signed a 15-year contract for re-gasification service under the Speedy Supply of Power and Energy (Special Provisions) Act 2010 that indemnifies officials concerned against prosecution for awarding contracts without tender.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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