Bangladesh to Build Two New LNG Terminals to Meet Growing Demand

Bangladesh plans to expand its liquefied natural gas (LNG) import infrastructure by adding two new terminals by 2030. The expansion is aimed at meeting growing demand for LNG, with the country expecting a significant increase in demand over the coming decades.

The government has announced plans to commission a new floating storage and regasification unit (FSRU) by 2028, which will have a regasification capacity of around 600 million cubic feet per day. A land-based LNG import terminal at Matarbari is also planned for development by 2030, with a capacity of approximately 1,000 mmcfd.

Bangladesh currently operates two floating LNG terminals with a combined regasification capacity of around 1,100 mmcfd. The expansion is being driven by anticipated demand growth, with the country expected to require an additional 3-4 million tonnes per annum (mtpa) of LNG between 2026 and 2030.

The government has been forced to rely on spot-market purchases due to disruptions to LNG shipments following the geopolitical conflict involving Iran and the United States. QatarEnergy also reduced its scheduled LNG deliveries to Bangladesh for the year after damage to its LNG facilities.