Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Saudi Aramco, ACWA Power to build LNG plant and terminal

Saudi Aramco and ACWA Power signed a deal with Bangladesh to develop a 3,600-megawatt LNG-based power plant and terminal in the country.

As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at a signing ceremony.

The Bangladesh prime minister's investment adviser, Salman Fazlur Rahman, said the agreement "represented one of the largest deals in Bangladesh's lucrative power sector" and reflected confidence in the country's "investment-friendly environment."

ACWA chairman Mohammad Abdullah Abunayyan said his company would make the direct investment by next year. He described the project as a "landmark" that would be the company's largest gas-to-power development and its first association with Aramco in such a project.

The plant and terminal are set to be built in either the Moheshkhali area of Cox's Bazar or the port of Payra.

Riyadh and Dhaka have long maintained close bilateral relations, with the Kingdom being the largest source of Bangladesh's vital foreign remittances.

Relations have deepened in recent years, with the two countries signing a defense agreement in February. In March, a high-powered 52-member Saudi investment delegation signed a host of agreements and MoUs worth up to $20 billion. (Reporting by Ruma Paul, Editing by Rosalba O'Brien)


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
Global gas is facing a demand hit from the coronavirus pandemic and a structural oversupply in the LNG market following the startups of new LNG export projects in Australia and the U.S.
Industry Focus: Russia Accelerates Fight For Global Gas Export Market Share
-Eugene Gerden
Russia aims to ramp up its efforts to gain more gas export market share this year, despite an unfavorable business environment and growing pressure from major competitors.
Regional Focus: South Africa’s transport strategy to shape country’s gas sector
-Shem Oirere
South Africa’s Gas Utilization Master Plan outlines how the gas sector will be developed. As the country proceeds with the plan,


Best Practices in Supporting Front Line HPI Operations Remotely in Response to Covid-19

Register Now

To ensure employee safety, HPI companies had to quickly pivot to a remote support model with many subject matter experts (SMEs) and engineering staff working remotely supporting front line, sequestered critical operations and field operators.

What are the best practices and lessons learned from this new remote operational support model? What have been technologies and work processes that are enabling effective and efficient remote operational support? Is this the “new norm” going forward even when the impact of Covid-19 abates? If not, how will remote support of critical operations be changed?

If this topic and questions are of interest to you and your organization, please attend this special HPI webinar with a panel of leading industry customer experts who will discuss their perspectives. Attendees will have the opportunity to ask questions for the panelists.

May 18, 2020 10:00 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2020 Gulf Publishing Holdings LLC.