The state-run Rupantarita Prakritik Gas Company Ltd (RPGCL) intends to buy two more spot LNG cargoes for March 09-10 and March 15-16 delivery windows to meet the mounting demand during Ramadan.
The RPGCL has already floated tenders and is currently awaiting evaluation.
It earlier cancelled two tenders for March 10-11 delivery windows due to poor response and high price quotes from the bidders.
If these two tenders become successful, Bangladesh will be able to bag three spot LNG cargoes for March deliveries.
The government has planned to buy a total of four similar cargoes for March delivery windows to meet the mounting energy demand, especially during the fasting month of Ramadan.
Energy demand will go up during Ramadan and subsequent months afterwards to meet the growing demand for irrigation and summer.
Bid winners will deliver cargoes at Moheshkhali island in the Bay of Bengal, with options to discharge at either of the country's two floating storage regasification units (FSRUs) located on the island.
The RPGCL, a wholly owned subsidiary of the state-run Bangladesh Oil, Gas and Mineral Corporation, or Petrobangla, looks after LNG trade in Bangladesh.
The volume of each spot LNG cargo will also be around 3.36 million British thermal units (MMBTu).
Bangladesh previously awarded its latest spot LNG cargo tender to Total Energies Gas and Power Limited for March 05-06 delivery window at $16.43 per MMBTu, the RPGCL official said.
Apart from spot LNG cargoes, Bangladesh has been importing LNG from two existing long-term LNG suppliers-Qatargas and OQ Trading International-for regasification in its two operational FSRUs.
azizjst@yahoo.com
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