Bangladesh Government has resumed purchasing liquefied natural gas or LNG from the spot market after almost 6 months even as it stopped doing to after LNG price went up in the global market.
As per reports, the move followed after a cabinet committee on Government purchases recently approved a proposal from the energy division to import one cargo of LNG from the spot market under a competitive bidding following slight drop in LNG price.
It may be mentioned here since July 2022, the Government stopped purchasing LNG from the spot market even if officials attending the recent meeting reportedly maintained about 33,600MMBtu LNG would be procured later in February while reportedly adding the procurement deal was won by the French company named Total Energies.
As per reports, Bangladesh also imports LNG under long-term deals with countries like Oman and Qatar.
