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Bangladesh awarded second spot cargo back to back in a fortnight

Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) a subsidiary of Petrobangla awarded March 10-11 window buy tender to Japanese major JERA. The tender was closed on Feb 12 by RPGCL. The buy tender was awarded at around $16.5/mBtu which was lower by almost $3 compared a previous buy tender awarded by the state-owned RPGCL.  

RPGCL had awarded Feb 21-22 buy tender for a single cargo to TotalEnergies for $19.70/mBtu. Buy tender was closed on Jan 29 by RPGCL.

As mentioned earlier, RPGCL plan to import eight spot cargoes between February and June this year, according to Energy and Mineral resources minister of Bangladesh.

Apart from one or two spot LNG cargoes a month Bangladesh will import from the international market, the South Asian nation also receives three term LNG cargoes from two suppliers- QatarGas and Oman Trading International now renamed as OQ. RPGCL had signed a contract to buy 1mil mt/year LNG from Oman International for ten years. In a separate contract, Bangladesh had contracted 2.5mil mt/year LNG for 15 years with Qatargas. Oman LNG was to be delivered to two separate floating storage regasification units (FSRUs) supplied by Excelerate Energy and another one provided by the Summit Group.