![]() Prime Minister's Energy Adviser Towfique-e-Elahi Chowdhury said the gas would take two years to reach the country and the price would be fixed in line with the oil price on international market.Īfter yesterday's approval, Petrobangla will now sign an agreement with the AEC for setting up the terminal and the company is expected to start supplying gas by mid-2016. However, the minister said the gas price would not go much higher for the consumers. The import of Liquefied Natural Gas (LNG), though at a very expensive rate, is likely to ensure the country's energy security in the long run.įinance Minister AMA Muhith told reporters after yesterday's meeting that the price of the imported gas would have been much higher, but not that much as it would be mixed with local gas.Īccording to an energy ministry proposal, if LNG was mixed with local gas, the average cost of gas will rise to $4.39 per mmcfd from $1.7, implying that the government will have to hike gas price in future. The cabinet committee on economic affairs yesterday approved an unsolicited deal with the US-Singapore consortium of Astra and Excelerate (AEC) under the Power and Energy Fast Supply Enhancement (Special Provision) Act, 2010. Unsolicited deal okayed to import costly alternative to natural gasĪ US-Singapore consortium is going to build the first-ever floating LNG terminal in Bangladesh and import gas for $17.1 per million cubic feet (mmcf), 10 times higher than the national gas sales price. US-S'pore consortium to build LNG terminal Robert W Gibson, British high commissioner to Bangladesh, and Tim Chesher, team leader from Wallingford, were present at the signing programme. The long-term construction activities will generate many jobs for the local people, he added. The shipbuilding industry will flourish, and an oil refinery and fertiliser factory will emerge by using the port's infrastructure, Khan said. The port will have a terminal for loading and unloading of coal, to ensure setting up of a 6,340-megawatt power plant, Shipping Minister Shajahan Khan said in the statement. The country's port usage is growing by 12 percent a year, according to the statement. “The conceptual master plan will make a vital contribution to assessing environmental and economic feasibility besides planning on the main works of the port, channel design, as well as building of the jetty and terminal,” Payra Seaport Authority Chairman Rear Admiral Nizamuddin Ahmed said. The construction of the port's infrastructure is already underway. Payra Seaport stands on the west bank of Rabnabad Channel in Kalapara upazila in Patuakhali, the port authority said in a statement yesterday. HR Wallingford, a British research company, has won the bid for consultancy on the 'conceptual master plan' for the proposed Payra seaport in southern Bangladesh.Ī Tk 18.36 crore deal was signed at a programme in Dhaka on Wednesday. British firm wins contract for Payra seaport consultancy ![]()
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