Bangladesh is set to become one of the largest LNG importers in Asia, like India and Pakistan, due to the depletion of domestic gas supply in Bangladesh. Qatar Petroleum has recently signed a long-term agreement with Vitol, the Dutch company responsible for constructing the world’s largest deep-sea Liquefied Petroleum Gas (LPG) terminal. Under the agreement, Qatar Petroleum will supply 1,250,000 tons of Liquefied Natural Gas (LNG) annually to customers of Vitol in Bangladesh.
Bangladesh currently has two floating terminals and a Floating Storage and Regasification Unit (FSRU), which has the capacity to produce 28,000,000 cubic metres of gas daily and about 7,500,000 tons of gas per year.
