Commodities
Bangladesh Directly Buys Eight LNG Cargoes Amid Energy Crisis
The Bangladesh government has approved direct procurement of eight liquefied natural gas (LNG) cargoes to meet urgent domestic energy needs and avoid a potential gas supply crisis.
The decision was made at the 24th meeting of the Cabinet Committee on Economic Affairs, where four separate proposals from the Energy and Mineral Resources Division were approved.
The government will buy two LNG cargoes each from four international companies: Blackcube International Ltd. (UK), Global Fuel Supplies Pte. Ltd. (Australia), Plentitude Energy Sdn Bhd (Malaysia), and Maxwell International SPC (Oman).