Reuters :
Bangladesh’s annual imports of liquefied natural gas (LNG) could nearly triple to at least 10 million tonnes over the next 3 to 4 years, a senior government official said on Thursday.
The additional LNG imports, needed to meet growing demand as domestic production drops, are likely to come mainly from spot and short-term contracts, Tawfiq-e-Elahi Chowdhury, energy adviser to Bangladesh’s prime minister told Reuters on the sidelines of an LNG conference in the Japanese capital.
Bangladesh’s state oil and gas company Petrobangla already imports about 300-400 million cubic feet per day of LNG – equivalent to 3.5 million tonnes per year in total – through two long-term contracts with Oman and Qatar.
The company also plans to buy more than 1 million tonnes of LNG on the spot market next year through its first spot tender for LNG, expected to be issued soon.
Bangladesh’s annual imports of liquefied natural gas (LNG) could nearly triple to at least 10 million tonnes over the next 3 to 4 years, a senior government official said on Thursday.
The additional LNG imports, needed to meet growing demand as domestic production drops, are likely to come mainly from spot and short-term contracts, Tawfiq-e-Elahi Chowdhury, energy adviser to Bangladesh’s prime minister told Reuters on the sidelines of an LNG conference in the Japanese capital.
Bangladesh’s state oil and gas company Petrobangla already imports about 300-400 million cubic feet per day of LNG – equivalent to 3.5 million tonnes per year in total – through two long-term contracts with Oman and Qatar.
The company also plans to buy more than 1 million tonnes of LNG on the spot market next year through its first spot tender for LNG, expected to be issued soon.
The nation of 160 million people is expected to become a major LNG importer in Asia, alongside Pakistan and India, as domestic gas supplies fall.
