Fresh tenders to purchase 2 spot LNG cargoes in Feb

Staff Reporter :

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) floated a fresh tender to purchase two spot LNG cargoes for the February 27-28 delivery window.

The bid winners will deliver the LNG cargoes at Moheshkhali island in the Bay of Bengal, with options to discharge the cargo at either of the country’s two floating storage re-gasification units (FSRUs), located on Moheshkhali island.

The RPGCL, a wholly owned subsidiary of the state-run Bangladesh Oil, Gas, and Mineral Corporation, or Petrobangla, looks into LNG trades in Bangladesh.

The South Asian country floated the tender on January 20, with the bid submission deadline ending on January 27.

The volume of each of the spot LNG cargo will also be around 3.36 million British thermal unit (MMBtu).

This would be the third spot LNG cargo Bangladesh will be importing to meet the country’s mounting natural gas demand.

Bangladesh previously awarded its latest spot LNG cargo tender to Vitol Asia Pte Ltd for the February 13-14 delivery window at US$13.82 per MMBTu, a senior RPGCL official said.

Apart from spot LNG cargoes, Bangladesh has been importing LNG from its two existing long-term LNG suppliers, Qatargas and OQ Trading International, for regasification in its two operational FSRUs.