Page 12 - AsianOil Week 09 2023

AsianOil PIPELINES & TRANSPORT AsianOil

Bangladesh to receive seven

LNG cargoes in March

BANGLADESH BANGLADESH will import seven LNG car- Moheshkhali floating storage and re-gasifica-
goes valued at BDT40bn ($400mn), sources told tion unit (FSRU) on March 11 or 12. The LNG
The cargo is valued at The Financial Express. The increased deliveries cargo will be delivered at a price of $16.50 per
$400mn. of the super-chilled fuel come as the country has mmBtu after JERA offered the lowest price of
seen a rise in fuel demand from industry and six contending bidders.
power plants. A second tender from the spot market will
“Bangladesh will start in March importing be floated by the end of the first week of March
increased quantity of LNG regularly from [the] by state-run Rupntarita Prakritik Gas Company
spot market,” Petrobangla chairman Zanendra Ltd (RPGCL). The subsidiary of Petrobangla
Nath Sarker said as calls from businesses have expects the cargo to be delivered at the end of
grown for uninterrupted gas supply. March.
Five of the cargoes will be purchased from Bangladesh had taken a seven-month hia-
long-term suppliers, while two of the deliveries tus from the international spot market until
will be bought off the international spot market, receiving a cargo on February 21 from France’s
which remains highly volatile amid the global TotalEnergies at the Moheshkhali FSRU at a
energy crisis. price of $19.78 per mmBtu.
Gulf suppliers will deliver the majority of Bangladesh is seeking to expand natural
the cargoes. Qatargas will supply four of the gas output to over 3,000mn cubic feet (85mn
cargoes, while Oman Trading International will cubic metres) per day as industry continues to
deliver one. rebound following Covid-19. Bangladesh’s over-
For the purchases from the spot market, all natural gas supply is now about 2,745 mmcf
a maiden delivery will be made from Japan’s (77.7 mcm) per day, according to official data
JERA, which will provide 3.36 mmBtu to the from Petrobangla. ™

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