Bangladesh Seeks LNG Cargoes Amid Global Energy Uncertainty
The Cabinet Committee on Government Purchase (CCGP) has approved the procurement of eight liquefied natural gas (LNG) cargoes to meet Bangladesh's urgent gas demand amid global energy uncertainty.
The CCGP recommended procuring four LNG cargoes from Blackcube International Ltd, UK at $15.50 per million British thermal units (MMBtu), and another two from Maxwell International SPC, Oman at the Japan Korea Marker (JKM) price plus $0.54 per MMBtu.
The committee also recommended purchasing two LNG cargoes from Zhenyu Shipping Co. Limited, Hong Kong, through direct procurement in 2026 at $14.95 per MMBtu.
In another decision, the CCGP recommended a long-term government-to-government (G2G) purchase arrangement with Gunvor USA LLC for 117 LNG cargoes between 2026 and 2038.