News Details

Bangladesh awarded two spot cargoes to TotalEnergies

Bangladesh's advisory committee on government procurement has authorised the import of two spot cargoes of LNG cargoes from the spot market in order to secure energy supplies. The spot cargoes were awarded to TotalEnergies Gas & Power Ltd.

The first cargo is priced at $ 13.94 per million British thermal units (MMBtu), while the second cargo is priced at $ 13.57 per MMBtu, each shipment containing 3.36 million MMBtu. Both the cargoes are expected to be delivered during early part of November.  

In October, Bangladesh had received two spot LNG cargos from Gunvor Singapore Pte Ltd during October 10-11 and October 17-18 delivery windows, after a gap of almost three months of political turmoil.

State run Petrobangla subsidiary Rupantarita Prakritik Gas Company Limited (RPGCL) had floated buy tenders to purchase these spot cargoes in the first week of October after a gap of around three to four months. Bangldesh was facing acute gas shortage since May this year when Summit LNG Terminal (SLNG) went offline.

Bangladesh had previously imported spot cargo from TotalEnergies Gas and Power Ltd during July 24-25. The volume of TotalEnergies supplied spot LNG cargo was around 3.36 million British Thermal unit (MMBtu) as per the buy tenders.

Petrobangla is now supplying gas of around 900 million cubic feet per day (mmcfd), which was around 700 mmcfd a couple of days back, according to official data.

Country's overall gas supply was around 600 mmcfd over the last couple of weeks back and around 500 mmcfd until the first week of this month, according to Petrobangla data.

A number of fertilizer and the textile manufacturing units have started receiving increased gas supply following the import of two spot cargoes.

editor@lngworldwide.com