Industry

Qatar Gas, Petrobangla to discuss import of more LNG

Qatar Gas will sit with Petrobangla on Wednesday to discuss Bangladesh’s requirement of more LNG (liquefied natural gas).

The two sides have scheduled to discuss the issue following a meeting between State Minister for Power, Energy and Mineral Resources Nasrul Hamid and his counterpart Qatar’s State Minister for Energy Saad Sherida Al-Kaabi, in Doha, the Qatari capital, on Tuesday.

According to a release of the Ministry of Power, Energy and Mineral Resources, during his meeting Nasrul Hamid requested the Qatari state minister to increase the LNG export to Bangladesh.

He said Bangladesh is keen to import more LNG in line with the existing LNG sale and purchase agreement (SPA) with Qatar. He proposed that Bangladesh wants to import an additional 1 million metric tons per annum (MTPA) from Qatar, which could be implemented by the middle of 2022 through a side letter agreement.

He said Qatar has become a popular destination for Bangladeshi migrants and an important labor market for Bangladesh due to the excellent bilateral relations that exist between Bangladesh and Qatar. At the time, he called for increased energy cooperation.

Bangladesh has been importing LNG from Qatar since 2018 under a Memorandum of Understanding (MoU) signed on January 16 in 2011, between the Ministry of Energy and Industry of Qatar and the Ministry of Power, Energy and Mineral Resources of Bangladesh.

Following the MoU, a 15-year LNG Sales and Purchase Agreement (SPA) was signed on September 25, 2017 to supply 1.8-2.5 million metric tons (MTPA) of LNG annually.

Petrobangla has purchased 8.424 million metric tons of LNG through 137 cargoes till January 2022.

Qatar’s Minister of State for Energy Saad Sherida Al Kabir cordially accepted Bangladesh’s offer and directed Qatar Gas and Qatar Energy to sit with Petrobangla to discuss the proposed issues.

Saad Sherida Al Kabir and Nasrul Hamid led the delegations of their respective countries in the meeting. Qatar Gas CEO Sheikh Khalid Bin Khalifa Al-Thani, Qatar Energy Executive Vice President (EVP) Jassim Al-Marzouqi, Petrobangla Chairman Nazmul Ahsan and Rupantarita Prakritik Gas Company Limited (RPGCL) managing director Javed Chowdhury were, among other, present on the occasion.

Source: United News of Bangladesh