Bangla LNG Project p.cls-NormalWeb { margin-top:0pt; line-height:107.9%; margin-bottom:0pt; text-align:justify; font-family:'Times New Roman', 'serif'; font-size:11pt; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:Calibri; font-size:11pt; font-weight:normal; margin:0in; padding:0in; } span.cls-DefaultParagraphFont-000000 { font-family:'Times New Roman', 'serif'; font-size:11pt; font-weight:normal; margin:0in; padding:0in; } p.cls-NormalWeb-000001 { margin-top:0pt; line-height:107.9%; margin-bottom:0pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:13.5pt; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont-000002 { font-family:'Times New Roman', 'serif'; font-size:13.5pt; font-weight:normal; margin:0in; padding:0in; } p.cls-NormalWeb-000003 { margin-top:0pt; line-height:107.9%; margin-bottom:0pt; text-align:justify; font-family:'Times New Roman', 'serif'; font-size:13.5pt; margin-left:0pt; margin-right:0pt; } p.cls-NormalWeb-000004 { margin-top:5pt; line-height:107.9%; margin-bottom:5pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:12pt; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont-000005 { font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } p.cls-NormalWeb-000006 { margin-top:5pt; line-height:107.9%; margin-bottom:5pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:13.5pt; margin-left:0pt; margin-right:0pt; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}        The project (the Project) comprises the development, construction, operation and transfer of an offshore marine terminal to support the transfer, storage and regasification of liquefied natural gas (LNG) for delivery to an onshore transfer location in Bangladesh. The Projects guaranteed base load regasification rate is 500 million standard cubic feet per day (mmscfd) of natural gas.        The Project consists of a) fixed infrastructure  including a subsea plug connector and mooring system, a subsea pipeline to shore, and tie-in facilities to the onshore Moheshkhali-Anowara pipeline, b) a floating storage and regasification unit (FSRU) with a nominal storage capacity of 138,000 cubic meters of LNG to be chartered to the Project, and c) the provision of port services to support the transfer of LNG and operations.      The Project is being co-developed via a special purpose vehicle, Excelerate Energy Bangladesh Limited (the Project Company), by the International Finance Corporation (IFC) and Excelerate Energy Limited Partnership (Excelerate or the Sponsor). Upon its development, the Project is expected to be the first LNG import terminal in Bangladesh. The country has been experiencing natural gas shortages due to growing energy demand and depletion of natural gas reserves. Imported LNG is expected to supplement domestic energy sources and improve access to gas for the power sector, industries, and domestic consumers; this is critical for economic growth and public welfare. At its guaranteed capacity, the Project can regasify sufficient LNG for 3,000 megawatts ("MW") of natural gas fired power generation. Furthermore, imported LNG will reduce and displace the use of liquid fuels, which typically have a greater polluting effect on the environment. As the first private midstream infrastructure investment in Bangladesh, the Project is expected to have a strong demonstration effect and its successful development is likely to facilitate further foreign investments in the country's infrastructure sectors.