Qatar Petroleum inks deal with Vitol for Bangladesh LNG supply

State-owned LNG giant Qatar Petroleum has entered into a deal with trader Vitol to supply liquefied natural gas to Bangladesh.

QP said on Monday it would supply 1.25 million tons per annum of LNG to Vitol’s final customers in Bangladesh but it did not reveal any further information.

Under the agreement, LNG deliveries will start later this year, “further demonstrating Qatar’s continued commitment to meeting the growing needs of its customers for reliable LNG supplies,” the firm said.

Bangladesh imports LNG via two Excelerate Energy’s FSRUs but the government has sights on more import facilities as the country continues to boost LNG imports.

Vitol has already supplied spot LNG cargoes to Bangladesh while Qatar Petroleum’s unit Qatargas has a long-term contract to deliver the fuel to the country.

Moreover, the new deal comes just two weeks after QP’s final investment decision and the contract awards for its giant LNG expansion project.

The EPC award is part of the North Field East project and Chiyoda and Technip will build four “mega trains” with a capacity of 8 million tonnes per year in the Ras Laffan complex.

This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 mtpa.

Qatargas already operates six LNG trains at Ras Laffan.

Most Popular

Venture Global’s Plaquemines LNG to commission fourth tank

US LNG exporter Venture Global LNG has received approval from the US FERC to commission the fourth storage tank with LNG at its Plaquemines plant in Louisiana.

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

US FERC issues final SEIS for NextDecade’s Rio Grande LNG project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for NextDecade's Rio Grande LNG facility and the accompanying pipeline in Texas. FERC continues to conclude that approval of the projects would result in "less than significant impacts."

More News Like This

Knutsen takes delivery of QatarEnergy LNG carrier

Norwegian shipowner Knutsen has taken delivery of another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Argentina’s Enarsa receives five offers for latest LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received five offers for its fourth LNG cargo tender in 2025.

GAIL, Vitol finalize 10-year LNG supply deal

India’s largest gas utility, GAIL, has finalized its previously announced long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.