Kutubdia LNG Terminal (Petronet)
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Kutubdia LNG Terminal was a proposed onshore liquefied natural gas (LNG) terminal by Petronet in Chittagong, Bangladesh.[1][2] The project had been formally cancelled In January 2021.[3]
Location
The below map shows the approximate site of the proposed terminal at Kutubdia Island, Bangladesh.
Project Details
- Owner: Petronet LNG Limited
- Parent: Petrobangla
- Location: Kutubdia Island, Cox's Bazar District, Chittagong, Bangladesh
- Coordinates: 21.816667, 91.858333 (approximate)
- Capacity: 7.5 mtpa, 1.08 bcfd
- Status: Cancelled[3]
- Type: Import
- Start year: 2025[2]
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Kutubdia Island has a natural harbour with a good draft and a natural breakwater that's ideal for setting up a LNG terminal. The proposed terminal is beside Bangladesh's proposed Matarbari LNG Terminal in Moheshkhali Island of the Cox's Bazar district of Anwara, Chittagong.[4] The Kutubdia LNG terminal, to be set up on the build-own-operate basis, will supply gas to power plants.[4] Kutubdia LNG includes proposals to import gas by barge and truck to off-grid customers in Bangladesh.[5]
In December 2016, Bangladesh government-owned Petrobangla signed an initial agreement with India government-owned Petronet to set up an LNG regasification terminal on Kutubdia Island and a pipeline. The estimated cost is US$950 million.[6][7] During Petrobangla's FY 2017-2018, a feasibility study related to the terminal's installation was completed.[8]
In February 2019 Petronet announced that it was delaying development of the project.[9]
In January 2021, BloombergNEF reported that the project had been formally cancelled.[3]
Articles and resources
References
- ↑ Kutubdia LNG Terminal A Barrel Full, accessed April 2017.
- ↑ 2.0 2.1 New and Emerging LNG Markets: The Demand Shock French Institute of International Relations, June 2018.
- ↑ 3.0 3.1 3.2 BloombergNEF LNG Export and Import Projects-Q4 2020, BloombergNEF, January 21, 2021
- ↑ 4.0 4.1 "Petronet submits proposal to set up $1 billion LNG terminal in Bangladesh" The Economic Times, July 27, 2018.
- ↑ "Quenching the Indian subcontinent’s thirst for LNG" LNG World Shipping, June 26, 2017.
- ↑ "Govt to set up two land-based LNG terminals" The Daily Star, June 15, 2017.
- ↑ "Moheshkhali to have largest LNG plant" Bangladesh Post, Aug. 3, 2017.
- ↑ 2018 Annual Report Petrobangla, accessed December 2019.
- ↑ Shine Jacob, Petronet's LNG terminal plan in Bangladesh put on the back burner, Business Standard, Feb. 11, 2019
