LNG import deal with Qatar on Sept 24

Government to sign final contract with Qatar on September 24 to import 2.5 plus minus million tonnes of Liquefied Natural Gas (LNG) annually from July 2018, Energy Division sources said.
"Government would sign a long-term agreement worth about $2.28 billion by this month with RasGas to import LNG from Qatar on special agreement at a cheaper rate compared to the other international market prices," a senior official of the Energy division told the Daily Observer on Sunday.However, the sources did not disclose the price of LNG but mentioned that it would be driven by international market price, which is now around $US8 to $US9 dollar per unit.  
"Qatar is willing to sign the deal on August 14, however, the date was deferred twice by this time, we need to take a vetting from the law ministry in this regard and hopefully we could be able to sign the deal by this month," the official added.
In October 2015, government signed a "confidentiality" deal with RasGas to materialized the issue in Doha in October 2015 to facilitate import of LNG.
Energy Division has already finalise the terms and conditions of the draft agreement of importing LNG from Qatar, which did not mentioned the tariff issue.
"The  tariff will be follow a formula where price of LNG, shipping charges and all other charges were be included," a senior official said.
"Our plan is to import LNG from March-April next year to meet the country's growing demand," officials said.
To ensure required amount of energy supply from next year, Energy Division has taken up a massive plan to import LNG as the State owned Petrobangla, supplies approximately 2,750 million cubic feet of natural gas a day from domestic gas fields against a demand for 3,500 million cubic feet gas.
Petrobangla signed two contracts with a foreign and a local company to facilitate increasing the daily gas supply by 1,000 million cubic feet from imported LNG by their floating terminals and re-gasification units to be set up near Maheskhali Island in Cox's Bazar.