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8 days ago

ME tensions, Strait of Hormuz disruptions

Govt to buy 2 more LNG cargoes from spot mkt

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The government intends to buy two more liquefied natural gas (LNG) cargoes from the spot market amid the escalating Middle East (ME) tensions and Strait of Hormuz disruptions.

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) had floated tenders to buy two LNG cargoes from the spot market for delivery during the April 15-16 and April 21-22 windows, said a senior RPGCL official.

The volume of the cargoes is approximately 3.36 million MMBtu each and the bid submission deadline is March 17, according to the official.

The cargoes are to be delivered to the Moheshkhali Island, with an option to discharge in either of the country's two floating storage re-gasification units (FSRUs) on the island.

RPGCL is a part of state-owned Bangladesh Oil, Gas and Mineral Corporation, also known as Petrobangla, and responsible for LNG trade in Bangladesh.

According to the RPGCL official, this is the third tender floated by RPGCL this year to secure supplies amid the ongoing Middle East war.

If these cargoes are awarded, Bangladesh's total LNG spot cargo buys for this year will reach nine, he said.

Bangladesh awarded three spot LNG cargoes for April 5-6, April 9-10, and April 12-13 delivery windows at $21.58 per million British thermal unit (MMBTu), $20.76 per MMBTu, and $20.76 per MMBTu, respectively, last week.

It had imported a total of 49 LNG cargoes from the spot market in 2025, said the RPGCL official.

Since Bangladesh's LNG imports began in 2018, the country has imported approximately 35.39 million tonnes through 571 cargoes as of January 2026, according to RPGCL data.

Bangladesh's overall natural gas supplies currently hover around 2,543 million cubic feet per day (mmcfd), including 842 mmcfd of regasified LNG, against its demand for over 4,000 mmcfd, according to official Petrobangla data as of March 15.

Azizjst@yahoo.com

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