Page 14 - GLNG Week 09 2023

GLNG ASIA GLNG

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. ™

EUROPE

Bulgaria seeks regasified LNG

via Turkey

BULGARIA BULGARIA’S state gas company Bulgargaz has Greece 15 days before the delivery date.
announced a tender for the supply of 500,000 Interested parties have until February 28,
Bulgaria has embraced MWh of LNG via a Turkish terminal for deliv- 2023 to submit their applications to participate
LNG as a means of ery in April 2023. in the tender procedure. After this date, Bul-
replacing Russian gas This marks the first cargo to be delivered to gargaz will notify applicants whether they are
supply. a Turkish LNG terminal under the agreement eligible for the second stage, with a submission
signed by Bulgargaz and Turkish gas transmis- deadline of March 9, 2023.
sion company BOTAS in January 2023. The Bulgaria has embraced LNG as a means of
13-year deal allows Bulgargaz to access BOTAS’ replacing Russian gas supply, which prior to last
gas transmission infrastructure as well as five year fulfilled much of the country’s demand.
Turkish LNG terminals, enabling the transfer of Sofia had its Russian pipeline gas deliveries cut
1.5bn cubic metres of gas annually between the off last spring after the government refused to
two countries. comply with a Kremlin decree requiring buyers
In its tender procedure, which was initiated in non-friendly countries to pay for gas in rubles
on February 23, Bulgargaz requires that the LNG rather than the currencies stipulated in supply
supply be sourced from countries without sanc- contracts.
tions, embargoes or trade restrictions. Among Following the launch of a gas interconnector
other conditions, the offer price must reference pipeline with Greece, Bulgaria now receives 1
the TTF front-month April with a discount in bcm per year of gas from Azerbaijan, delivered
euros per MWh indicated. The designated deliv- via the Southern Gas Corridor (SGC). It could
ery point is a terminal in Turkey, though the also source additional LNG that is brought
buyer has the option to change to a terminal in ashore in Greece. ™

P14 www. NEWSBASE .com Week 09 03•March•2023