Bangladesh has approved a proposal by state-owned China National Energy Engineering and Construction Co. to build a third floating liquefied natural gas terminal at Maheshkhali in Cox’s Bazar, Reuters reported on November 12. The project is planned under a government-to-government arrangement; the terminal has not yet been built or commissioned.
The proposed facility would regasify 600 million cubic feet per day, with peak capacity of 750 million cubic feet per day, and is targeted to start operating in 2028. The projected payments are 123.24 billion taka over 15 years or 131.61 billion taka over 20 years, depending on the term. A proposed daily service fee of $342,000 is higher than fees paid to existing operators.
Reuters reported estimated domestic gas demand of around 3,800 million cubic feet per day against supply of about 2,700 million. Additional import capacity could help narrow the supply gap, but the import bill, global supply volatility and long-term project costs remain material considerations.
Source: Original reporting (12 November 2026).
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