FCC

Bangladesh Set to Receive LNG Shipments in September and October

2023-09-13

An official from Rupantarita Prakritik Gas Co Ltd (RPGCL) announced that Bangladesh is set to receive two shipments of liquefied natural gas (LNG) in September and October.

The initial delivery, scheduled for September 28-29, will be provided by Total Energies at a rate of $13.77 per million British thermal units (mmBtu). The official, who preferred to remain anonymous due to a lack of authorization to speak to the media, disclosed this information.

The second shipment, slated for October 12-13, will be transported by Vitol at a cost of $14.90/mmBtu. Despite a Reuters request for comment, Total Energies and Vitol have not yet responded.

Bangladesh has been importing multiple spot LNG cargoes this year to fulfill the nation's increasing energy demands.

Additionally, Bangladesh has signed two long-term agreements in 2021 with OQ Trading (formerly Oman Trading International) and QatarEnergy, with both contracts commencing LNG supplies in 2026.