RPGCL floats tenders to buy two spot LNG cargoes

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has floated tenders to purchase two spot LNG cargoes for late October and early November deliveries, said sources.
One is a re-tender for October 27-28 delivery window as the initial tender was cancelled by the evaluation committee.
It did not fulfill the minimum criteria to get the bidding evaluated under the Public Procurement Rules (PPR) 2008, said an RPGCL official.
The RPGCL received only two bids, one short of the minimum requirement, for the October 27-28 delivery window, turning it non-qualified for evaluation under the rule, he said. Another tender is to purchase LNG from the spot market for November 3-4 delivery window, he added.
It floated tenders for both the spot LNG cargoes on October 1 with the bid submission deadline ending on October 6.
The bid winner may discharge the cargoes at either of the country's two FSRU's (floating storage re-gasification units) located on the Moheshkhali island.
The RPGCL, a wholly owned subsidiary of state-run Bangladesh Oil, Gas, and Mineral Corporation, looks after the LNG trades in Bangladesh.
The RPGCL had floated tenders for deliveries in the first week of October after a hiatus of around four months, as Summit LNG Terminal (SLNG) was offline, he added.
Bangladesh had stopped issuing LNG tenders for spot purchases after the first week of July as Summit Group's FSRU was taken offline at the end of May.
The demand for LNG cargoes had almost muted from mid-July to the first week of August because of student-led public movement in Bangladesh.
The demand, however, recovered afterwards and power load shedding is still frequent as inventory was not sufficient to meet the requirements.

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