Bangladesh opts to expand LNG sourcing amid a global dearth and already invited newer suppliers to buy the fuel at competitive prices, sources say.
The government has invited global liquefied natural gas (LNG) suppliers to submit expressions of interests (EOIs) to enlarge the list of suppliers through wider participation in the bidding process.
Currently, Rupantarita Prakritik Gas Company Ltd (RPGCL), a wholly-owned subsidiary of the state-run Petrobangla, invites bids from only 16 listed suppliers to purchase LNG from spot market.
But among the 16 suppliers, only a few - numbering half a dozen at the maximum--usually submit bids to supply the expensive fuel to the Petrobangla.
"Only three to four listed suppliers -- Vitol Asia Pte Ltd, Switzerland's AOT Trading...