Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The government will buy two more liquefied natural gas (LNG) cargoes for September deliveries to meet the country’s mounting natural gas demand.
State-run Rupantarita Prakritik Gas Company Ltd sought to buy these LNG cargoes from the spot market for September 10-11 and September 22-23 delivery windows, a senior RPGCL official told The Financial Express on Monday.
The evaluation committee is currently evaluating bids from the interested suppliers who submitted offers by the deadline on August 3.
The volume of the spot LNG cargo is around 3.36 million British thermal unit (MMBtu) each.
The cargoes are to be delivered to Moheshkhali Island, with an option to discharge them at either of the country’s two floating storage re-gasification units (FSRUs) located on the island.
Bangladesh has so far bought only one spot LNG cargo for delivery in September, and if the tender turns out successful, the country’s spot LNG cargo purchase for September deliveries would be three.
The RPGCL might seek to buy more LNG cargoes from the spot market in late September, said the official.
Bangladesh has procured five spot LNG cargoes each for both August and July delivery windows.
The country has been purchasing an increased volume of spot LNG cargoes over the past several months under a plan to boost natural gas supplies to industries, said the RPGCL official.
Bangladesh awarded its latest spot LNG cargo tender to Posco International Corporation of South Korea for September 21-22 delivery windows at US$11.95 per MMBtu.
The RPGCL is a part of Petrobangla and looks after LNG trading in the country.
In addition to spot LNG cargoes, Bangladesh has been importing LNG from its two existing long-term suppliers -- QatarEnergy LNG (formerly Qatargas) and OQ Trading International -- for regasification at its two operational FSRUs.
Besides, the South Asian country will import one additional LNG cargo from OQ Trading International of Oman in August under a newly inked sales and purchase agreement over short-term LNG supply to buy a total of 17 LNG cargoes during the period from August 2025 to December 2026, said the RPGCL official.
Bangladesh has been rationing gas supply to industries, power plants and other gas-guzzling consumers to cope with the mounting natural gas demand.
The country’s overall natural gas output – local gas and imported LNG combined -- was around 2,734 million cubic feet per day (mmcfd), including 967 mmcfd of re-gasified LNG, against the demand for over 4,000 mmcfd, according to official data as of August 3, 2025.