Bangladesh Aims to Boost LNG Capacity with Three New FSRUs by 2029
Power Minister Iqbal Hassan Mahmood announced that the government plans to establish three additional floating storage and regasification units (FSRUs) at Payra, Mongla, and Hiron Point by 2029. This move aims to expand Bangladesh's Liquefied Natural Gas (LNG) import capacity.
The existing two FSRUs have been facing challenges, including a recent fire that exposed the risks of depending on limited LNG infrastructure. The damaged FSRU is being repaired, but its shutdown for 72 hours is expected to worsen the gas supply situation.
Despite these efforts, experts warn that additional terminals alone will not solve the gas shortage due to transmission capacity constraints. To address this issue, the government plans to construct an undersea gas pipeline from Chattogram to Bakhrabad and step up domestic gas exploration through BAPEX.