DHAKA - The inauguration of a 91-km gas pipeline from Moheshkhali to Anwara by Prime Minister Sheikh Hasina today would expedite energy security in the country and meet the growing demand as well.
In addition to the gas pipeline, the Prime Minister also inaugurated the construction works of two Floating Storage and Re-gasification Unit (FSRU) Terminals and Single Point Mooring (SPM) by laying their foundations in Cox's Bazar.
Officials said the government has set up a 91-km gas pipeline having 30-inch diameter from Moheshkhali to Anwara in Chittagong district at a cost of Taka 1,039 crore.
The pipeline was installed to facilitate supply of LNG to be imported through the proposed Maheshkhali LNG terminal. The LNG would be supplied to the national grid through this pipeline.
The pipeline is expected to boost industrial activities and create more jobs in the country as it will feed existing and upcoming power plants, fertiliser factories and other industries in Dhaka and Chittagong with imported LNG.
Due to depleting gas reserve against the skyrocketing demand, the government eyes to augment gas supply by 500mmcfd per day from each FSRU in 2018 through importing LNG from abroad.
Singapore-based Excelerate Energy would construct the first FSRU having 500 million meter standard cubic feet per day (mmscfd) capacity at Moheshkhali in the Bay of Bengal and Summit LNG Terminal Company, a unit of Summit Group, will develop the second floating facilities at own cost having 500 mmcfd per day capacity in 18 months.
Gas Transmission Company Ltd (GTCL) under the Ministry of Power, Energy and Mineral Resources is implementing the project.
According to the SMP project details, China Petroleum Pipeline Bureau (CPPB) will install SPM with double pipeline under Government to Government (G to G) arrangement by the Chinese Exim Bank's finance by 2018.
Earlier, the state-owned Bangladesh Petroleum Corporation (BPC) signed a deal in this regard.
"We have undertaken various important projects to augment energy supply smoothly and meet the growing demand in the country," State Minister for Power, Energy and Mineral Resources Nasrul Hamid told BSS earlier.
He said the government encouraged the private sector for installation of various power and energy related plants in the country.
Besides, the government implemented a series of projects during its two consecutive terms to face growing energy demands and ensure the energy security.
The projects are "vital" for the country's energy security, he said, adding that these were designed keeping in view the government's Vision-2021 for the sector.
Source: Bangladesh Sangbad Sangstha (BSS)