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Rupantarita Prakritik Gas (RPGCL), a unit of state-owned Petrobangla, issued an invitation to enlist additional spot LNG suppliers on behalf of the Ministry of Power, Energy & Mineral Resources on Thursday.
This for the supply of “lean LNG as per specification (e.g., methane molecular composition not less than 91 percent etc.) mentioned in the master LNG sale and purchase agreement (MSPA) on delivery ex-ship basis to LNG receiving terminals of Petrobangla in Bangladesh,” it said.
RPGCL noted that this is the “enlargement of enlisted LNG suppliers.”
Those who are enlisted with Petrobangla for LNG supply on a spot basis are not required to apply, RPGCL said.
The interested LNG suppliers may be a single company or a joint venture (JV) of
more than one firm, or a consortium.
The deadline for submissions is April 9.
RPGCL issued three tenders for a total of seven spot LNG cargoes since QatarEnergy declared force majeure to its LNG buyers on March 4.
The firm issued the tender to the 24 organizations that have signed the MSPA with Petrobangla.
Petrobangla reportedly awarded five cargoes with prices ranging from $20.76 per mmBtu to $28.28 per mmBtu.
State-owned LNG giant QatarEnergy expects the damage to its Ras Laffan complex caused by this week’s missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia.
Qatar is the main LNG supplier to Bangladesh via long-term LNG deals
Bangladesh currently imports LNG via two FSRU-based facilities, both of which feature Excelerate Energy’s FSRUs.
The 138,000-cbm FSRU Excellence serves Bangladesh’s first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla.
Excelerate’s 138,000-cbm FSRU Summit LNG serves as the second LNG import facility operated by Summit.
