LNG Cargo Uncertainty Persists in Bangladesh Amid Gas Supply Crisis

The uncertainty surrounding LNG cargo arrivals in Bangladesh persists, exacerbating gas supply concerns. Four cargoes ordered through direct procurement were due to arrive in August but none have reached the country by Monday.

With no certainty on their arrival, authorities have moved to procure five more LNG cargoes through an emergency tender. Bids were received for only two of them, while no company submitted offers for the remaining three.

The Bangladesh Oil, Gas and Mineral Resources Corporation (Petrobangla) oversees LNG imports, and its subsidiary, Rupantarita Prakritik Gas Company Limited (RPGCL), is responsible for importing the fuel. Two officials involved in LNG supplies told Prothom Alo that the failure of directly procured cargoes to arrive had further aggravated the gas crisis.

According to RPGCL sources, the international LNG price has remained above $20 per unit (MMBtu) for the past month, standing at around $22 on Monday. Blackcube quoted $15.50 per MMBTU, while Zhenyu offered $14.95.