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A H Khan

Published:
2018-09-05 10:38:36 BdST

LNG supply and installation of LPG terminalThailand interested in investment cooperation


Thailand has expressed interest to provide long-term LNG supplies and investment cooperation to set up refrigerated LPG terminals in the country. Representatives of state-owned fuel company PTT Public Company Limited expressed interest in a meeting with Bangladesh Economic Zones Authority (BEZA) yesterday.

In order to check investment environment and prospects in Bangladesh and strengthen the trade relations between the two countries, a 10-member PTT representative came to Beja office yesterday. The team headed by Executive Vice President of the International Strategy and Business Department, Noppern Chuinda, and PTTGL Managing Director Suchitra Swanseenapan.

Beja sources said the organization has expressed interest in providing long-term supply of LNG from Thailand and investment cooperation in setting up a refridged LPG terminal in Bangladesh. Besides, they want Bangladesh to provide alternative energy, energy efficiency and technical support for smart grid.

Presenting the outline of the overall activities of the economic zone of Bangladesh, Paban Chowdhury, Executive Chairman of the Bank, said that the present government is determined to create an investment-friendly environment in the country by providing policy support. Referring to Thailand as one of the most friendly countries of Bangladesh, she said that new areas of investment have been created in the Mirsharai and Maheshkhali economic zones. Especially in the Maheshkhali Economic Zone, the government is going to become one of the main drivers of electricity and energy production.

Paban Chowdhury urged the PTT representatives to use their experience in tourism sector to play role as an investment partner in Naf, Sabrang and Sonadia Eco Tourism Park implemented under the Besar and to be a partner in the development of the country's tourism sector. Referring to the success of Thailand's energy efficiency and smart grid technology, she said, "Bangladesh has much to learn from this."

In the discussion yesterday, PTT representatives want to know about the services and land acquisition process of the economic zones of Bangladesh. In future, the country wants to know about the possibility of planning for a deep seaport, its potential. Beja officials informed them about the investment process at the time. Besides, the Thai delegates told the Thai officials about the financial benefits of tax relief and financial benefits. Baja senior officials were present at the time.

It is learned that initial talks between the two ministers of power, energy and mineral resources are discussed in the signing of a structured agreement on energy cooperation between Bangladesh and Thailand. Later, the Prime Minister's energy adviser said. Tawfiq-e-Elahi Chowdhury and Thai energy minister said. The bank discussed the details of the Syrian girapongfan on April 3 in Bangkok.

Note that PTT is one of the largest companies listed on the Stock Exchange of Thailand. The organization has expanded investment in more than 25 countries. In the Gulf of Thailand, the company has a wide range of submarine gas pipelines and nationwide LPG networks. The company is also involved in power generation, petrochemical products, oil and gas production and gasoline supply. The company is the only Thai company to be listed on the Fortune Global 500 list.

In order to accelerate the economic development of the country, establishment of 100 economic zones between 2030, employment of 10 million people and the same is being implemented in the same time by establishing an economic zone with the expectation of production / export of equivalent equivalent of $ 4 billion in a year. Beja has already given pre-qualification or pre-qualification license to establish 17 private economic zones. Of these, six private economic zones received the final license. Besides, the employment of Mongla Economic Zone and the Mirsharai Economic Zone (first phase) developer has been completed. Running development work of Mirsharai, Feni, Naf and Sabrang Tourism Park. Beja has received an investment of about $ 177 billion in the financial sector of Mirsarai and Feni.
 

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