Bangladesh is inviting companies to submit applications to add more approved spot LNG suppliers as the country seeks to secure needed supplies for its power plants amid disruptions from the escalating Middle East conflict.
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South Asian LNG markets have absorbed one of the most severe supply shocks in the history of the global gas trade, as the war in the Middle East and the closure of the Strait of Hormuz cut off Qatari and UAE LNG flows to a region that had made itself critically dependent on them, according to a new report by UK-based Wood Mackenzie.
Bangladesh’s Rupantarita Prakritik Gas (RPGCL), a unit of state-owned Petrobangla, is seeking bids for a new batch of spot liquefied natural gas (LNG) cargoes to secure fuel for Bangladesh’s power plants amid the ongoing Middle East crisis.