Saudi energy developer Acwa Power on 22 October inked an MoU with the Bangladesh Power Development Board (BPDB) for a 3.6GW LNG-based power plant and terminal in Bangladesh. The power plant is expected to cost $2.5bn and a regasification terminal $500mn. A feasibility study will decide whether to place the facility by existing import terminals at Moheshkhali on the coast in the southeastern Chittagong region.
Acwa says that it “will also work with Saudi Aramco for the first time for such a project.” This suggests the plant could be provided cargoes by Aramco Trading Co (ATC) unit, which is expanding its activities and in April traded its first LNG cargo (MEES, 7 June). (CONTINUED - 200 WORDS)