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The government has moved to buy three spot LNG cargoes to meet mounting summer demand.
State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has floated three separate tenders to procure the liquefied natural gas (LNG).
The fuel cargoes are for May 22-23, June 5-6 and June 12-13 delivery windows, a senior RPGCL official told The Financial Express Saturday.
The country's energy demand has gone up since March with the advent of summer and is expected to grow further with the rise of temperature.
Bangladesh has been buying three spot LNG cargoes for the delivery windows of March and April respectively.
The bid winners will deliver the LNG cargoes with options to discharge at either of the country's two floating storage re-gasification units (FSRUs) located on Moheshkhali Island.
The RPGCL, a wholly owned subsidiary of state-run Bangladesh Oil, Gas, and Mineral Corporation, or Petrobangla, looks into LNG trades in Bangladesh.
The volume of each of the spot LNG cargoes will be around 3.36 million British Thermal units (MMBtu).
Bangladesh currently imports LNG from Qatar Energy and OQ Trading international under long term deals and purchases LNG also from the spot market to re-gasify LNG in its two operational FSRUs having the total capacity of 1.10 billion cubic feet per day (Bcfd). The country has been reeling from an acute energy crisis as its natural gas output is depleting.
Bangladesh has been rationing gas supply to industries, power plants and other gas-guzzling industries to cope with the mounting demand.
Azizjst@yahoo.com