The Bangladeshi government has signed a contract with China National Energy Engineering (CNEE), a state-owned Chinese company, to establish a new Floating Storage and Regasification Unit (FSRU) at Maheshkhali in Cox's Bazar.
G2G Agreement
According to a report by The Daily Star published on Thursday (November 12), the FSRU will be set up on a government-to-government (G2G) basis. This means the project will be implemented through a direct agreement between the two governments, eliminating the role of any intermediaries.A New Chapter in Energy Security
The new FSRU is seen as a significant step toward meeting the country's growing gas demand and ensuring energy security. Bangladesh currently operates two FSRUs, both located off the coast of Maheshkhali. Once the new unit becomes operational, the country's LNG import and supply capacity will see a substantial increase.Project Outlook
Following the signing of the contract, technical and other formalities of the project are expected to commence. No official timeline has been announced regarding when the new FSRU will be commissioned. However, given the G2G framework, the project is anticipated to move forward with greater efficiency and speed.This agreement is also expected to further deepen energy-sector cooperation between Bangladesh and China. Beijing has already been involved in several infrastructure projects in Bangladesh, including power grid expansion and power plant construction.
