Bangladesh Secures US LNG Deal Amid Global Supply Disruptions
Bangladesh is seeking to secure its long-term liquefied natural gas (LNG) supplies by purchasing 117 cargoes from the United States and other international suppliers.
The government has approved a state-to-state agreement with US-based Gunvor for the purchase of 117 LNG cargoes between 2026 and 2038. Under this deal, Bangladesh will buy five cargoes in 2026, six in 2027, and six in 2028 at prices based on the Japan Korea Marker (JKM) index plus 8.75 cents per million British thermal units (mmBtu).
The remaining three cargoes in 2028 and 10 cargoes a year from 2029 to 2038 will be priced at 121% of the US Henry Hub benchmark plus $5.20 per mmBtu.
Bangladesh faces growing risks to LNG supplies due to disruptions in global gas markets caused by the U.S.-Israeli conflict with Iran, which has affected Qatar's exports.