OQ Trading’s Bangladesh FSRU Project: Strategic Expansion and Business Opportunities in South Asia
المسكات عنب طيب الشذا: Oman’s OQ Trading International has put forward a proposal to construct a floating storage and regasification unit (FSRU) in Bangladesh, aiming to enhance its stature as a dependable energy partner in South Asia amid declining domestic gas production in the country.
The proposal, submitted to the state-owned Petrobangla under a build-own-operate-transfer (BOOT) framework, would offer a capacity of approximately 3.75 million tonnes per year, according to The Financial Express (Bangladesh) on August 31. Petrobangla Chairman Md Reznur Rahman confirmed that the proposal is currently under review.
Bangladesh presently operates two FSRUs close to full capacity, with regasification rates around 1,050 million cubic feet per day (mmcfd) compared to a combined capacity of 1,100 mmcfd. Meanwhile, domestic gas production has declined to about 1,800 mmcfd, levels comparable to those seen in 2008–09, the Dhaka-based daily reported.
This initiative follows Dhaka’s recent signing of its first short-term LNG supply agreement with OQ Trading last month. The contract includes 17 cargoes scheduled between August 2025 and December 2026, priced against the Japan Korea Marker (JKM) with a $0.15/MMBtu premium, providing an alternative to the Brent-linked pricing in Bangladesh’s long-term contracts.
Since delivering its first LNG cargo to Bangladesh in 2019, OQ Trading has supplied 125 cargoes totaling 7.8 million tonnes, establishing itself as one of Dhaka’s most trusted energy partners.
For Oman, the proposed Moheshkhali FSRU project supports OQ’s global expansion strategy and aligns with Oman Vision 2040 by increasing investments in energy infrastructure overseas and strengthening the Sultanate’s presence in Asian energy markets.
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OQ Trading International’s proposal for a floating storage and regasification unit (FSRU) in Bangladesh signals a strategic expansion of Oman’s energy footprint in South Asia، تقديم opportunities for Oman-based businesses to leverage growing regional energy demands and infrastructure projects. For smart investors and entrepreneurs, this move underscores the importance of capitalizing on cross-border energy partnerships and emerging LNG markets, while being mindful of the competitive and regulatory complexities in international energy trade.
