Bangla Press Desk: Qatar on Tuesday agreed to renew a recently expired memorandum of understanding (MoU) on LNG (liquefied natural gas) supply for Bangladesh and work on technical details for a proposed land-based LNG terminal in Bangladesh.
Qatar Minister of State for Energy Affairs Saad bin Sherida Al Kaabi made the promise when he called on Chief Adviser Prof Muhammad Yunus on the sidelines of the Earthna Summit in Doha.
“We want to support Bangladesh as much as possible, and we will continue doing that,” Kaabi told the chief adviser.
Qatar and Bangladesh signed a Sell Purchase Agreement (LNG SPA) in September 2017 for 1.5-2.5 MTPA LNG imports for 15 years in a G2G process with Qatar Gas.
An MoU signed regarding the LNG SPA expired in January, prompting Qatari authorities to come up with a renewed pledge.
“We will sign the MoU right away,” said the Qatari state minister, who insisted on a long-term partnership between the two countries and said that they were expecting the price of LNG to come down as the country was planning to double their production.
“Long-term contracts are always the best solution for supply security,” he said.
Energy Adviser Muhammad Fouzul Kabir Khan, who was present during the meeting, said Bangladesh is planning to build a land-based LNG terminal with pipeline and supply of LNG and deliver R-LNG through the construction of a pipeline under an umbrella in Matarbari, Cox’s Bazar to upgrade the energy infrastructure.
He also said the country was planning to raise the number of LNG cargoes from Qatar, with the country’s LNG terminals currently able to handle 115 cargoes annually.
During the meeting, the Qatari state minister said they were also planning to increase urea fertiliser supply to Bangladesh.
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