Bangla LNG

active

The project (the “Project”) comprises the development, construction, operation and transfer of an offshore marine terminal to support the transfer, storage and regasification of liquefied natural gas (“LNG”) for delivery to an onshore transfer location in Bangladesh. The Project’s guaranteed base load regasification rate is 500 million standard cubic feet per day (“mmscfd”) of natural gas.The Project consists of a) fixed infrastructure – including a subsea plug connector and mooring system, a subsea pipeline to shore, and tie-in facilities to the onshore Moheshkhali-Anowara pipeline, b) a floating storage and regasification unit (“FSRU”) with a nominal storage capacity of 138,000 cubic meters of LNG to be chartered to the Project, and c) the provision of port services to support the transfer of LNG and operations.The Project is being co-developed via a special purpose vehicle, Excelerate Energy Bangladesh Limited (the “Project Company”), by the International Finance Corporation (“IFC”) and Excelerate Energy Limited Partnership (“Excelerate” or the “Sponsor”).