Earlier, Engro had brought an old vessel, which had been used in Kuwait for five years, since it had a lower cost and established the first LNG terminal in the country. The Federal Board of Revenue (FBR) has issued a Statutory Regulatory Order (SRO) for waiving taxes and duties on temporary import of floating LNG units. According to officials, Bangladesh had followed that model and set up a floating LNG terminal. Later, it shifted policy and turned towards setting up an onshore LNG terminal. Second LNG terminal has handling capacity of 790 mmcfd, of which the government has dedicated capacity of 600 mmcfd.

Source: The Express Tribune July 19, 2019 03:45 UTC