4 more LNG cargoes to be brought in June

The government will import four more Liquefied Natural Gas (LNG) cargoes, totalling around 1.28 crore MMBTu, within this month.

“We’ve brought five LNG cargoes carrying 1.60 crore MMBTu gas from the spot market and short-term agreement to maintain the supply chain stable,” Director of Petrobangla AKM Mizanur Rahman told BSS on Tuesday.

He said the government will bring a total of nine LNG-loaded cargoes for meeting the demand in June, of which five cargoes have arrived till 15 June.

According to Petrobangla, the government procured nine LNG cargoes for June, of which five are from the spot market and under term agreement, while four will come from the spot market.

In May, Bangladesh received 11 cargoes of LNG totalling around 3.52 crore MMBTu under the long-term and short-term agreements along with the spot markets.

The Petrobangla director, however, said that Bangladesh has been importing LNG cargo regularly under long-term, short-term agreements as well as spot markets to meet the growing energy demand in the country.

He said that on average, 32 lakh MMBTu (Million British Thermal units) LNG was in each cargo.

According to RPGCL information, QatarEnergy, an LNG operating company and OQ Trading (OQT), a premier energy and commodity trading firm of the government of Oman, usually supply LNG to Bangladesh under long-term deals.

Besides, the United Arab Emirates-based OQT supplies liquefied natural gas under short-term agreements.

Apart from this, the government every month procures LNG cargoes from spot markets with approval from the purchase committee.