Gas shortages forced the government to import LNG from abroad. As a result, Texas-based Excelerate Energy opened Bangladesh's first floating LNG terminal in 2018 off the coast of Maheshkhali Island.
Due to gas shortages, the government was forced to import liquefied natural gas (LNG) from other countries. This led to the opening of Bangladesh's first floating LNG terminal by Excelerate Energy, a Texas-based company, in 2018 off the coast of Maheshkhali Island.