Bangladesh, Oman to sign deal for LNG Sunday

FT ONLINE

State owned Petrobangla is set to sign an agreement on Sunday for importing Natural Liquefied Gas (LNG) from Oman aimed at ensuring energy security in the country.

Spokesman of Power, Energy and Mineral Resources Ministry Mir Mohammad Aslam Uddin told newsmen on Saturday that the agreement to this effect would formally be inked at a ceremony at Petrobangla Bhaban in the capital.

The Petrobangla, he said, would sign the agreement with Oman Trading International, a state-owned organization.

State Minister for Power Energy and Mineral Resources Nasrul Hamid would witness the signing ceremony as the chief guest, the spokesman said.

Besides, the government is importing a total of 500 mmcfd of LNG from Qatar to meet the country's growing demand.

The LNG would be added into the national grid from this month. Earlier, the government signed a long term contract with Qatar's RasGas for 1.8 million tonnes of LNG per annum.