Fresh tender floated to import two spot LNG cargoes
FE REPORT | Friday, 10 January 2025
State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has floated a fresh tender and re-issued another to purchase two spot LNG cargoes for February 13-14 and February 06-07 delivery windows respectively.
The RPGCL re-issued the tender for one spot LNG cargo over February 6-7 delivery window after cancelling the previous one as it got higher-than-expected price quotes, nearing around US$16 per million British thermal unit (MMBTu), from the bidders, said an official.
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 FSRUs, or floating storage re-gasification units, located on Moheshkhali island.
The RPGCL, a wholly owned subsidiary of state-run Bangladesh Oil, Gas, and Mineral Corporation, or Petrobangla, looks after LNG trades in Bangladesh.
The South Asian country floated these two tenders on January 8 with the bid submission deadline ending on January 13.
The volume of each of the spot LNG cargo will be around 3.36 million MMBtu.
Bangladesh last awarded one spot LNG cargo tender to Excelerate Energy LP of USA for Jan 30-31 delivery window at US$15.69 per MMBTu in the latest, the RPGCL official said.
Apart from spot LNG cargoes, Bangladesh has been importing LNG from its two existing long-term suppliers - Qatargas and OQ Trading International - for regasification in its two operational FSRUs.