Bangladesh Directly Buys Eight LNG Cargoes Amid Energy Crisis Fears

The Bangladesh government has approved direct procurement of eight liquefied natural gas (LNG) cargoes to meet emergency domestic energy needs and prevent a potential gas supply crisis. The approval came at the 24th meeting of the Cabinet Committee on Economic Affairs, where four separate proposals from the Energy and Mineral Resources Division were approved.

Two LNG cargoes each will be procured from four international companies: Blackcube International Ltd., Global Fuel Supplies Pte. Ltd., Plentitude Energy Sdn Bhd, and Maxwell International SPC. The LPG procurement was also approved under the direct procurement method to help stabilise the domestic market.

The committee also approved a proposal to import 5,000 tonnes of liquefied petroleum gas (LPG) from Speed Marketing Corporation at a price of Saudi Aramco's contract price plus $97 per tonne on a cost-and-freight basis. The Energy and Mineral Resources Division withdrew its proposal seeking approval for the draft Bangladesh Onshore Model Production Sharing contract 2026.