Excelerate Energy keen to invest more in Bangladesh’s energy sector

President and Chief Executive Officer of Excelerate Energy Steven Kobos on Tuesday said there has been a lot of interest in Bangladesh from American companies.

He further stated that his company plans to invest more in the country's energy sector and decarbonization.

The company wants to scale up and ensure smooth supply of Liquefied Natural Gas to the country, the CEO said.

Kobos, also the chairman of the US-Bangladesh Business Council, hailed the Chief Adviser 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.

He 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.

Excelerate currently has investment in two offshore Floating Storage and Regasification Units in Bangladesh, which supply 1.1 billion cubic feet.

This accounts for some 34 percent of the country's daily gas supply.

Prof Yunus welcomed more US investment in Bangladesh, saying his government has taken steps to attract foreign direct investment and improve the business climate in the country.

"You have come at the right time here," Prof Yunus told Kobos and his business delegation.

During his recent visit to the US, the Chief Adviser spoke at an event of the US-Bangladesh Business Council, inviting all its 50 members including some of the top American multinational firms, to invest in Bangladesh.