Bangladesh Floats Tenders for Four Spot LNG Cargoes Amid Gas Demand Shortfall
Bangladesh's state-run Petrobangla has floated tenders to purchase four spot LNG cargoes for delivery in September and October. The country had previously reissued a tender for one cargo, after the selected supplier quoted prices higher than expected.
The fresh tenders are for delivery during the following windows: September 25-26, October 1-2, and October 5-6. Each spot LNG cargo is approximately 3.36 million British thermal units (MMBtu). The cargoes will be delivered to Moheshkhali, with an option to discharge them through either of the two floating storage and regasification units (FSRUs) located on the island.
Bangladesh has so far purchased 47 LNG cargoes from the spot market this year, including 45 after the outbreak of the Middle East war. The country is struggling to meet its gas demand amid elevated LNG prices and restricted scheduled cargo deliveries by long-term suppliers.