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Tofail: Gas crisis likely to end by 2018

  • Published at 10:53 pm March 6th, 2017
Tofail: Gas crisis likely to end by 2018
Commerce Minister Tofail Ahmed said the government plans to set up a number of liquefied natural gas terminals across the country so there is no gas crisis by 2018. He was talking to journalists after a meeting with Qatar Ambassador in Bangladesh Ahmed Mohamed Al-Dehaimi on Monday. Tofail said the Qatar government is now implementing a floating LNG terminal project in Bangladesh and has also expressed interest in investing in land LNG terminals. As per the government plan, the country will have to import about 182.5bn cubic feet of LNG annually from Qatar to meet daily deficit of 500 million cubic feet against the present production of 1,900 mmcfd. To facilitate the import of bulk gas, Bangladesh also needs to build huge infrastructure including an LNG terminal in the Bay of Bengal in Bangladesh territory that will accommodate a floating storage and re-gasification unit as well. Commerce minister said the government is going to set up 100 special economic zones in the country and Qatar businessmen will invest there. He said a number of Qatar businessmen already showed interest to invest in Bangladesh eight sectors including the LNG.