Oman Finalizes Bangladesh LNG Deal

Bangladesh state oil firm Petrobangla on 6 May finalized an LNG import deal with Oman LNG, its second such deal after a 2.5mn t/year agreement with Qatar inked last year ( MEES, 28 July 2017 ).

The Oman deal is for 15 years. Volumes are slated to rise from an initial 500,000 t/y to 1mn t/y when Bangladesh’s second import terminal (which like the first will be an FSRU) starts up.

Bangladesh imported its first ever LNG cargo (from Qatar) last month, although the 3.75mn t/y ‘Excellence’ FSRU remains in the commissioning phase – initial volumes are slated to enter the national grid later this month. (CONTINUED - 353 WORDS)

DATA INSIDE THIS ARTICLE

chart Petrobangla LNG Import Contract Pricing Oman Vs Qatar: Price Under Both Deals Is $7.54/Mn Btu At $60/B Brent But Qatar Deal Has Steeper 'Slope' With Prices Rising (And Falling) More Rapidly With Oil