Dhaka, Bangladesh (BBN)– The Bangladesh government has selected a US firm to provide consultancy service for building the country’s first liquefied natural gas (LNG) import terminal at Maheshkhali island in the Bay of Bengal.

The US firm CH-IV International will provide support to state-owned Petrobangla for execution of the international tender floated last week for building the LNG import floating terminal, Chief of the LNG Cell Muqtadir Ali reportedly said.

He also said CH-IV will also provide support to Petrobangla for LNG transmission and marketing within the country.

Petrobangla in June this year had sought expressions of interest for the consultancy services and CH-IV International emerged as the winner out of the 28 global companies that had participated.

The CH-IV International will receive payment from a grant provided by The World Bank’s International Development Agency, under Power Sector Development Technical Assistance Project in Bangladesh.

Petrobangla is now receiving bids for the contract to build the LNG import and associated facilities, which it aims to complete by 2012.

The terminal will have capacity to handle 5.0 million tons per year of LNG and a re-gasification capacity of at least 500 million cubic feet per day (mmcfd) of gas.

BBN/SSR/AD-12Nov10-6:45 pm (BST)