State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has re-issued tenders to purchase two spot LNG cargoes as it received higher than expected price offers in response to the initial tenders, said sources.
The fresh tenders are for January 30-31 and February 06-07 delivery windows.
Earlier, the bidders quoted prices at more than US$15 per million British thermal unit (MMBTu), said the official.
With the latest tenders, the state-run LNG importing company sought bids for the January 30-31 delivery window for the third time.
The initial bid for January 30-31 delivery window, floated on December 17 last, did not get a sufficient number of offers to make the tender responsive, the RPGCL official added.
The RPGCL, a wholly owned subsidiary of state-run Bangladesh Oil, Gas, and Mineral Corporation, or Petrobangla, looks after LNG trades in Bangladesh.
Unlike the previous occasions, the RPGCL has invited 16 short-listed spot LNG suppliers to take part in the bidding.
Previously it used to invite 23 such companies to take part in the bidding and send price
proposals via the LNG spot purchase software by the specified deadline.
The master sales and purchase agreements, or MPSAs, with seven companies have expired in December, said the RPGCL official, clarifying the cause of inviting a lower number of bidders. Like the previous occasions, 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 FSRU's, or, floating storage re-gasification units, located on the island.
The volume of each of the spot LNG cargo will be around 3.36 million MMBtu.
Separately, 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.
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