BPC plans to build an innovative LPG terminal at Matarbari

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State-possessed Bangladesh Petroleum Corporation (BPC) possesses decided to set up a devoted liquefied petroleum gas (LPG) terminal at Matarbari deep sea port to be able to meet the developing energy needs of the country.

At present, the united states consumes about 1 million MT of LPG annually. The physique was 47,000 MT in 2009 2009, and projected to reach 2.5 million MT by 2025, industry insiders told UNB.

LPG businessmen currently import liquified gas through little- and medium-sized vessels from Singapore or various other nearest deep sea ports where large vessels are anchored.

But after the Matarbari deep ocean port becomes operational, large vessels should be able to dock there, lowering their cost by $35-40 per MT, according to BPC officials.

“That’s why the implementation of the 3rd terminal for LPG is important while import of such petroleum gas keeps growing by 10-14% per annum against the backdrop of increasing consumption requirements,” said a BPC official, on state of anonymity.

BPC has already initiated a move to conduct a feasibility research for the LPG terminal job. “We are ready to invite bids trying to find expression of Fascination (EoI) from international companies for engaging a consultant to carry out a feasibility review for the job and submit a written report," said the state.

Sources said that three international consortiums, led by two Japanese corporations, have already displayed interest and submitted independent proposals to BPC and also to the Strength and Mineral Solutions Division.

One consortium is led by Japanese conglomerate Mitsui & Co Ltd, in which Korean organization SK Gas and native East Coast Group are also collobatoring, as the other two consortiums are-1 led by Japanese business Marubeni Corporation and the different led by Sumitomo Corporation.

 
The Netherlands-based Vitol Strength is area of the Marubeni-led consortium while Chungko Electric Power Co Inc is the partner of Sumitomo Company.

Mitsui Group features been one of the largest business groups found in Japan having worldwide businesses found in energy and infrastructure, while SK Group is the third largest conglomerate found in South Korea owning and operating deep ocean LPG terminals and big LPG carriers like VLGCs. The East Cast Group has 35 years of knowledge in the downstream petroleum sector, incorporating LPG in Bangladesh.

The sources said that Marubeni and Sumitomo have investments in Bangladesh's power sector, as the Netherlands-based LPG trading company Vitol has been engaged in mass LPG source to Bangladesh for days gone by 3-4 years.

Meanwhile, the Strength and Mineral Methods Division has forwarded the 3 proposals of the consortiums to the Prime Minister’s Office, seeking even more directive with respect to BPC.

However, rather than taking all decision, the PMO has asked BPC to judge their proposals and send the analysis report based on the interested firms’ knowledge in the field, options explained, adding that BPC might take some days to accomplish the job "just as there is absolutely no evaluation criteria at the moment in this regard".

“We must set some requirements to evaluate their proposals and only, we are in a position to evaluate them”, stated a high BPC official, preferring anonymity.

Source: https://www.dhakatribune.com

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