energyNP.com  
Tel
98510-91900 
Email
energyNP@hotmail.com 
Menu

 
 
News  
Back to energy news list >>>
 

 
 
 Air Conditioner
 Battery
 Booster Pump
 Charger
 Cold Storage Room
 Electric Power Tools
 Electric Water Heater
 Garbage Disposal
 Station
 Generator
 Heat Pump
 Inverter
 Power Supply
 Rectifiers
 Self Priming Pump
 Solar Energy
 Solar Water Heater
 Transformer
 UPS
 Voltage Stabilizer
 Wind Energy
 
  Excelerate Energy Signs 15-Year LNG Supply Deal With Petrobangla

The Bangladeshi national gas company will buy 0.85-1MTPA of LNG from Excelerate Energy starting from January 2026.

Excelerate Energy, a US-based liquefied natural gas (LNG) company, and Bangladesh Oil, Gas & Mineral Corporation (Petrobangla), a government-owned national gas company of Bangladesh, have entered into a long-term LNG sale and purchase agreement (SPA).

As per the agreement, Petrobangla has committed to buying 0.85 million tonnes per annum (MTPA) to 1MTPA of LNG from Excelerate Energy over a 15-year period starting from January 2026.

The delivery plan includes 0.85MTPA of LNG in 2026 and 2027, followed by 1MTPA from 2028 to 2040.

Excelerate Energy president and CEO Steven Kobos said: “Bangladesh is one of the most dynamic LNG markets in the world, and Excelerate has been a key player since the country began importing LNG. Natural gas is important to Bangladesh’s economy, and we look forward to partnering with Petrobangla to help the country meet its rapidly growing energy needs.

“Long-term LNG offtake agreements like this SPA are an essential part of our integrated growth strategy. Our ability to secure long-term SPAs is expected to result in ratable economic uplift on our existing infrastructure and meaningful value creation for our shareholders.”

According to Excelerate Energy, the long-term SPA marks the next stage of its plan for integrating its business in Bangladesh.

In 2018, the company initially introduced LNG to the Bangladesh market through the commissioning of its $179.5m Moheshkhali LNG floating storage and regasification unit (FSRU) terminal.

Over the subsequent years, the company expanded its presence by deploying a second FSRU terminal in the Bay of Bengal and leveraging its infrastructure to secure spot LNG cargo sales into Bangladesh.

Presently, Excelerate Energy’s two FSRUs contribute roughly 25% of the country’s natural gas supply.

Based in Texas and listed on the New York Stock Exchange (NYSE), the company offers an array of flexible regasification services that encompass FSRUs, infrastructure development, and LNG supply.

Last month, Excelerate Energy signed a 10-year contract with Brazil’s Petróleo Brasileiro (Petrobras) for chartering the Sequoia FSRU.

Commencing on 1 January 2024, Excelerate Energy, under the time charter party, operation, and services agreement, will extend the deployment of the FSRU for regasification services in Brazil, mainly at the Bahia Regasification Terminal in Salvador, Bahia.

by nsenergybusiness

[9 November, 2023 / world-energy.org ]   
 
 
Voltage Stabilizer Nepal Kathmandu
 
UPS Nepal Kathmandu
 
Lithium iron battery LiFePO4 Battery Nepal Kathmandu
 
Inverter Hybrid On-grid Off-Grid Energy Storage Solar Inverter Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
GREE Air Conditioner Residential Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
Gree Air Purifier Kills Novel Coronavirus Nepal Kathmandu
 
Battery Charger Nepal Kathmandu
 
Complete Power Solution
 
 
 
 
Solar Water Heater Nepal Kathmandu Solar Energy Nepal Kathmandu Wind Power Nepal Kathmandu Power Generator Nepal Kathmandu Voltage Stabilizer Nepal Kathmandu Transformer Nepal Kathmandu AirConditioner Nepal Kathmandu Battery Nepal Kathmandu UPS System Nepal Kathmandu Rectifier Nepal Kathmandu
 
 
Link: The Official Portal of Goverment of Nepal Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow Nepal! Nepal Global Buying SIMONES Industries|Nepal Power Solution
  Nepal Goverment Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow-Nepal | Nepal Global Buying SIMONES Industries |Nepal Power Solution
 
Fair: Investment Summit Nepal Himalayan Hydro Expo Nepal Kathmandu China International Import Expo China Import and Export Fair China-South Asia Exposition Guangzhou Int’l Refrigeration, Air-Condition, Ventilation, Air-Improving Equipment Exhibition Guangzhou International Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
  Investment Summit Nepal Himalayan Hydro Expo Nepal China International Import Expo China Import and Export Fair China-South Asia Exposition Int'l Refrigeration, Air-Condition Fair Int'l Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
 
Copyright @ 2014 All right reserved. Simones Industries