A new liquefied natural gas (LNG) cargo for Excelerate Energy’s floating LNG terminal is expected to arrive on Sunday, but no major improvement in the supply of imported gas to the national grid is expected before then.
Mohammad Shoaib, director of Production Sharing Contracts at Petrobangla, told bdnews24.com on Thursday that the next LNG cargo for Excelerate’s terminal would arrive on Sunday.
Asked when the gas supply situation could return to normal, he said the next cargo for the terminal was scheduled to arrive on Sunday.
However, officials said the LNG must first be unloaded and converted into gas after the cargo arrives. As a result, the terminal is unlikely to return to full capacity immediately upon the cargo’s arrival.
Meanwhile, an LNG cargo for Summit’s terminal arrived on Thursday afternoon, increasing the terminal’s LNG stock.
Petrobangla officials said Summit’s terminal was already supplying around 571 million cubic feet (mmcf) of gas per day at its maximum capacity. Therefore, there is little scope to increase supply from the terminal even after the arrival of the new cargo.
LNG supplies from Excelerate’s terminal to the national grid were suspended after its usable LNG stock ran out following Wednesday afternoon. Supply from Summit’s other terminal remains operational.
At 6pm on Thursday, LNG-based gas supply to the national grid stood at 570 mmcf per day, while domestic gas fields supplied 1.626 billion cubic feet (bcf). Combined supply was 2.196 bcf.
At the same time on Wednesday, LNG supply stood at 562 mmcf, meaning imported gas supply increased by only 8 mmcf, or 1.4%, in a day.
Bangladesh’s daily gas demand is around 3.8 bcf. Based on that figure, only 57.8% of demand was met on Thursday evening, leaving a deficit of 1.6 bcf.
The country’s two floating LNG terminals have a combined supply capacity of around 1.1 bcf per day. Thursday’s supply was about 52% of that capacity.
Excelerate’s terminal suffered damage to an electrical cable in a fire on July 21, disrupting around 450 mmcf of gas supply. The terminal partially resumed operations on August 6 after more than two weeks. Since then, supplies have fluctuated due to technical problems and a shortage of LNG cargoes.
According to Petrobangla’s 24-hour report for August 19-20, LNG supply averaged 589 mmcf per day, down from 626.6 mmcf in the previous 24-hour period. This represents a decline of around 6%.
Combined daily average supply from domestic gas fields and LNG fell from 2.2638 bcf to 2.2244 bcf, a decrease of 39.4 mmcf.
During the period, power plants had a gas demand of 2.5249 bcf per day but received only 933.4 mmcf, meeting around 37% of their demand. Gas supply to power plants was 950 mmcf in the previous 24-hour period, meaning supply fell by 22.2 mmcf in a day.
Meanwhile, hourly data from Power Grid Bangladesh showed that electricity demand stood at 15,679 megawatts at 5pm on Thursday, while supply was 14,382 MW. Load-shedding at the time stood at 1,297 MW.
At the same time on Wednesday, demand was 15,504 MW against a supply of 13,700 MW, resulting in 1,804 MW of load-shedding.
Total electricity generation at 5pm on Thursday was 14,800 MW, compared with 14,176 MW at the same time on Wednesday. Although gas-based power generation fell by 112 MW, coal-based generation increased by 722 MW.
As a result, the improvement in overall power generation was largely driven by increased coal-based generation.
-HIS