Gas supply improves as spot LNG imports resume

Natural gas supply increased in the last couple of days across the country as Bangladesh started importing liquefied natural gas (LNG) from the spot market after a hiatus of more than three months.

State-run Petrobangla is now supplying gas of around 900 million cubic feet per day (mmcfd), which was around 700 mmcfd a couple of days back, according to official data.

Country's overall gas supply was around 600 mmcfd over the last couple of weeks back and around 500 mmcfd until the first week of this month, Petrobangla data revealed.

Consumers experience a sigh of relief with the overall increase in natural gas supply and resumption of LNG imports from the spot market, industry insiders said.

Several gas-fired power plants and fertiliser factories are already getting increased volume of gas supplies, they said, adding that the situation would improve further with the increased orders from the spot market, said sources.

Bangladesh already received two spot LNG cargoes from Gunvor Singapore Pte Ltd during October 10-11 and October 17-18 delivery windows during the incumbent interim government after a hiatus of three months.

The RPGCL floated tenders to purchase these spot cargoes in the first week of October after a lapse of around four months, as Summit LNG Terminal (SLNG) had been offline for months since late May.

Bangladesh previously imported the spot cargo from Total Energies Gas and Power Ltd during July 24-25.

The volume of each of the spot LNG cargo is around 3.36 million British Thermal unit (MMBtu).

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