Monenco Iran recently signed a contract of "Top-supervision, monitoring of techno-economic feasibility study and related works of consulting firm and selection of terminal developer or any other designated entity for construction of Land Based LNG Regasification terminals". The client is Rupantarita Prakritik Gas Company Limited (RPGCL).
Natural gas is the only indigenous commercial energy resource in Bangladesh. Natural gas currently accounts for 72% of the commercial needs. Most of the natural gas is used in generation of electricity and production of urea fertilizer, with significant uses in industrial, commercial and domestic purpose as well as fuel for CNG operated vehicles. Gas demand is increasing sharply keeping pace with the economic development and diversified use of gas. In Bangladesh gas reserve is not increasing. Presently there is gas shortage in Bangladesh resulting less power generation, low gas pressure and no new gas connection in industrial, captive and CNG sector impeded in whole gas pipeline network areas. To meet up the upcoming energy supply challenge, Government of Bangladesh has planned to construction of land based LNG re-gasification terminals at Moheshkhali and Kutubdia under COX’s Bazar district and payra under Patuakhali district each having 7.5 MTPA@ capacity 1000 MMSCFD.