Bangladesh’s First LNG Import Terminal
Moheshkhali Floating LNG (MLNG) will be an integral component to ensuring the vitality of Bangladesh’s energy future. The project will utilize state-of-the-art technology to provide the critical infrastructure required for the country to access natural gas from global markets. With up to 500 million standard cubic feet of gas per day (MMscf/d) of regasification capacity, Moheshkhali Floating LNG will provide much-needed clean energy to promote power reliability, industrial development, and job creation in a sustainable manner.
MLNG will be the world’s first fully integrated turnkey floating LNG terminal whereby all services will be provided under a single contract by a single provider – Excelerate Energy.
The new terminal will enable Petrobangla to procure LNG from international gas markets which will further complement and enhance Bangladesh’s ability to reliably use the country’s domestic natural gas reserves. Expanding access to diverse and abundant sources of natural gas supply will allow local communities to flourish and provide a net economic benefit for the Bangladesh economic growth engine for years to come.
The project is a result of the collaboration between Excelerate Energy, Petrobangla, and International Finance Corporation (IFC), who is mandated to provide and arrange the required financing for the terminal. Excelerate Energy will build, own, and operate the terminal for 15 years, after which the company will transfer ownership to Petrobangla allowing for continued realization of its benefits.