Bangladesh eyes Brunei LNG supplies

Bangladesh has signed a memorandum of understanding with Brunei regarding supplies of liquefied natural gas (LNG) and other petroleum products.

The memorandum was signed during a visit of Brunei’s Sultan Hassanal Bolkiah to Bangladesh on October 15-16.

During the visit, he met with Prime Minister of Bangladesh, Sheikh Hasina, and signed the memorandum on LNG supplies, according to a statement by Brunei’s Ministry of Foreign Affairs.

“In view of Bangladesh’s growing demand for energy and Brunei Darussalam’s standing as a stable and key regional exporter of energy, both leaders agreed to explore mechanisms for long-term collaboration in the energy sector, particularly in the supply of LNG and other petroleum products to Bangladesh,” the statement said.

The statement did not reveal any further information regarding the LNG supplies.

Brunei has the 6.7 mtpa Brunei LNG export plant in Lumut, one of the world’s oldest LNG export facilities. Shell and Mitsubishi have each a 25 percent share in the facility, while the Brunei government holds 50 percent.

This facility mostly ships LNG to Japan.

On the other hand, Bangladesh mostly receives LNG under long-term contracts from Qatar but also from the spot market.

However, spot LNG prices surged this year and Bangladesh halted purchases of LNG to supply its power plants in July this year, according to reports.

Bangladesh currently imports LNG via Bangladesh’s first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla, and via Summit Group’s FSRU-based terminal.

Both of these facilities feature Excelerate Energy’s FSRUs.

- Advertisements -

Most Popular

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Nigeria’s NNPC teams up with China’s Wison on floating LNG project

State-run Nigerian National Petroleum Corp is joining forces with China's Wison to develop a floating LNG production project in...

Trinidad seals Atlantic LNG restructuring deal with Shell and BP

Trinidad and Tobago has finally signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, Shell, BP,...

More News Like This

Excelerate makes management changes

US FSRU player Excelerate Energy has announced management changes, including the departure of its chief commercial officer Daniel Bustos. Excelerate...

Excelerate looking to order another FSRU

US floating LNG player Excelerate Energy is looking to order another floating storage and regasification unit (FSRU), the company's...

Excelerate seals 15-year LNG supply deal with Petrobangla

US FSRU player Excelerate Energy has signed a 15-year liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned Petrobangla. Bangladesh...

Bangladesh approves long-term LNG supply deal with Excelerate

Bangladesh has reportedly approved a long-term liquefied natural gas (LNG) supply deal with US FSRU player Excelerate Energy. Several media...