Oman Trading International is set to deliver first LNG to Bangladesh this week, three months ahead of the scheduled start of its long-term contract with state-owned Petrobangla, a senior official with the importer said Monday.
The Cape Ann LNG carrier, loaded with 136,000 cu m of Nigerian LNG, was expected to reach Bangladesh’s floating LNG terminal at Moheshkhali Island January 30, according to S&P Global trade flow software cFlow. OTI’s contractual deliveries for 1 million mt/year of LNG over 10 years were originally due to commence May 2019
The new volumes are set to boost utilization rates at Excelerate Energy’s floating LNG terminal, which have remained at around 60%, as domestic pipeline delays have resulted in fewer deliveries from Petrobangla’s long-term contract with QatarGas.
Source: S&P Global Platts