Bangladesh, Oman ink long-term LNG supply deal

Bangladesh’s state-owned company Petrobangla has signed a long-term deal to buy liquefied natural gas (LNG) from Oman’s state-owned firm OQ Trading.

Under the SPA signed on June 19, OQT, previously known as Oman Trading International, will supply 0.25-1.5 million mt per year of LNG to Bangladesh over 10 years, starting in 2026, according to a statement by Bangladesh’s ministry of power and energy.

OQT will deliver four cargoes of LNG in 2026, 16 cargoes per year from 2027 to 2028, and 24 cargoes per year from 2029 to 2035, the statement said.

This is the second LNG supply deal as the two firms have already signed a 10-year deal back in 2018.

Under that SPA which started in 2019, OQT is supplying about 1 million mt per year to Bangladesh.

OQT works with Omani state-owned producer Oman LNG, the operator of three LNG trains in Qalhat with a nameplate capacity of 10.4 mtpa.

Besides these deals, Petrobangla has a 15-year deal with QatarEnergy’s unit Qatargas for 2.5 million mt of LNG and this deal started in 2018.

The firm recently signed another deal with QatarEnergy’s LNG trading arm for about 1.8 million mt of LNG per year, starting in 2026.

Bangladesh currently imports LNG via its first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla, and via Summit’s FSRU-based LNG import terminal located offshore Moheshkhali Island in the Bay of Bengal with a daily regasification capacity of 500 million cubic feet.

Both of these facilities feature Excelerate Energy’s FSRUs, which is also working on the Payra project.

Bangladesh also recently approved Summit’s second FSRU-based terminal which will be located about 5 kilometers off Moheshkhali island.

Most Popular

Cheniere produces first LNG cargo at Corpus Christi expansion project

US LNG exporting giant Cheniere has produced the first cargo at the Corpus Christi Stage 3 expansion project in Texas.

Centrica seals LNG supply deal with Petrobras

UK-based energy firm Centrica has signed a 15-year LNG supply deal with Brazil’s state-owned energy firm Petrobras.

Japan’s Japex boosts LNG sales

Japan Petroleum Exploration (Japex) boosted its sales of liquefied natural gas (LNG) in the April-December period last year.

More News Like This

Oman LNG seals supply deal with Mercuria

State-owned producer Oman LNG has signed a sales and purchase agreement with Switzerland-based energy trader Mercuria.

Bangladesh’s RPGCL launches new spot LNG cargo tender

According to a tender document posted on RPGCL’s website, the delivery window for both cargoes is March 10-11. RPGCL issued...

Svitzer bags Oman LNG gig

Svitzer announced on Wednesday that it had signed a "large" 9-year terminal towage contract with Oman LNG. The tug operator...

Argent LNG inks non-binding supply deal with Bangladesh

Under the HoA, Argent will supply state-owned Petrobanga with 5 million metric tons of LNG, according to the firm. The...