Bangladesh Seeks Six More Spot LNG Cargoes Amid Strait Disruptions

The Bangladesh government has issued tenders for six additional spot Liquefied Natural Gas (LNG) cargoes to be delivered in October, following disruptions in the Strait of Hormuz that halted contracted shipments. Rupantarita Prakritik Gas Company Ltd (RPGCL), a subsidiary of Petrobangla, floated the tenders for delivery across specific October windows: October 8-9, 11-12, 15-16, 24-25, 27-28 and 30-31. The bid submission deadline is September 9 at 10:40 AM.

The emergency procurement aims to address a massive deficit between supply and demand in the country. Petrobangla data shows total natural gas supply stood at 2,333 million cubic feet per day (mmcfd), including 703 mmcfd of regasified LNG, against an estimated national demand of 4,000 mmcfd.

To manage the ongoing shortage, Petrobangla has resorted to rationing gas supplies across power plants, industrial units and other consumers. Deliveries for the newly-tendered cargoes are scheduled for Moheshkhali Island, where the country's two operational Floating Storage and Regasification Units (FSRUs) will handle discharge.