In the second half of 2023, Bangladesh is likely to import eight liquefied natural gas (LNG) cargoes from the spot market.
This is as per reports, which claimed this will be in addition to the scheduled imports from the long-term suppliers. While adding imports from the spot market would be one-third less during the July-December period than the first half of 2023.
It was from February this year, the Government started importing LNG from the spot market, after hiking natural gas prices by up to around 178.88 per cent for power plants, commercial entities and industries even as in the last month too, Bangladesh bought two LNG cargoes at a time.
Meanwhile, speaking to the media, Petrobangla Chairman Zanendra Nath Sarker maintained the state entity was set to import eight LNG cargoes from the spot in H2 even as the country has for the first time floated tender and awarded contracts to buy more than two LNG cargoes from the spot market at one go, Zanendra further added.
