Business Report :
US-based Excelerate Energy plans to invest more in the energy sector and decarbonisation in Bangladesh, its CEO and President Steven Kobos said on Tuesday.
The company wants to scale up and ensure smooth supply of liquefied natural gas (LNG) to the country, he said.
He made the comments when he along with a delegation called on Chief Adviser Professor Muhammad Yunus at the state guest house Jamuna in Dhaka.
Excelerate currently has investment in two offshore floating storage and regasification units in Bangladesh, which supply 1.1 billion cubic feet of gas, accounting for some 34 percent of the country’s daily gas supply.
In the meeting, Kobos, also the chairman of the US-Bangladesh Business Council, hailed the Yunus for assuming the leadership of the interim government, saying it will increase business confidence in Bangladesh.
“There has been a lot of interest in Bangladesh from American companies since you took over,” Kobos said, adding that some of the top US companies, including members of the US-Bangladesh Business Council, were excited about business prospects in the South Asian country.