Indonesia, Bangladesh Sign Initial Energy Agreement

Jakarta (Antara Babel) - Energy and Mineral Resources Minister Ignasius Jonan  and Bangladeshi State Minister for Electricity and Mineral Resources Nasrul Hamid signed a memorandum of understanding on energy infrastructure and trade  here on Friday.

Bangladesh was keen to discuss possible development of  liquefied natural gas (LNG)  receiving terminal and infrastructure in that country.

The agreement says about possible supply of LNG  from  Indonesia,  and the Indonesian government will facilitate discussion between Bangladeshi buyers and LNG producers in Indonesia.

The agreement may provide foundation for cooperation between Indonesian energy company PT Pertamina and its Bangladeshi counterpart Petrobangla  and other related companies that may lead to LNG supply from Indonesia to Bangladesh, Jonan said.

Minister Nasrul Hamid expressed thanks for the cooperation that would help Bangladesh cope with crisis in gas supply.

Under the agreement, Pertamina has an opportunity to build LNG receiving terminal in Bangladesh including  Floating Storage and Regasification Unit (FSRU), mooring  and  infrastructure of off-loading, sub-sea  and  onshore gas pipe to natural gas grid.

Earlier, Oil and Director General  Ego Syahrial said Indonesia , there are still cargoes of LNG  in stocks  and the stock is growing.