Bangladesh's Petrobangla has cancelled some spot liquefied natural gas imports after one of the country's two import terminals was damaged during a cyclone, leaving it unable to receive shipments, two industry sources said on Tuesday
It’s another wake-up call for the energy sector
Petrobangla is set to purchase three more cargoes of liquefied natural gas this month as the government looks to ramp up gas imports taking advantage of the favourable prices in the global spot market.
Idle gas compressor stations costing us precious foreign currency
Surplus LNG regasification capacity predicted to emerge as a headache
Traditionally, natural gas has been the primary source of energy in Bangladesh. For the last few years, domestic gas production has been declining and we have started importing liquefied natural gas (LNG) to meet the excess demand.
Bangladesh is going to buy liquefied natural gas (LNG) from the international market at $4 lower price than the previous but at the same time it will procure fertiliser by paying additional $21 a tonne.
The government yesterday gave the green light to liquefied natural gas (LNG) purchase from the global spot market as it looks to ensure an uninterrupted supply for the fast-growing economy.
The government has short listed 17 companies for buying liquefied natural gas (LNG). Cabinet committee on economic affairs approved a master sale and purchase agreement in connection to the purchase.
The supply of 500 mmcfd Liquefied Natural Gas (LNG) into the national grid begins from Chattogram.
Bangladesh enters a new era of energy use as it starts importing liquified natural gas (LNG) beginning in July in order to solve the prevailing gas crisis.
The government is going to hike gas prices to adjust to the price of imported Liquefied Natural Gas (LNG) that is expected to arrive in the country next month.
Bangladesh has found a new natural gas reserve in its southern coastal district of Bhola at a time when the country is concentrating on import of liquefied natural gas (LNG).
