Reuters: Bangladesh to Set Up LNG Terminal

“Bangladesh has started work to set up its first floating terminal for importing liquefied natural gas (LNG) with an investment of $500 million, a senior energy official said on Monday. ‘It is due to be completed by the end of 2013,if everything goes well,’ said Mohammad Hussain Monsur, chairman of the state-run Bangladesh Oil, Gas and Mineral Corporation, or Petrobangla. Petrobangla signed an agreement with Poten & Partners to assist in the implementation of the project and the martketing of the LNG.”