Dhaka:The government has given the green light to import liquefied natural gas (LNG) in 2027 through agreements with OQ Trading Limited from Oman and Pentitude Energy Sdn. Bhd. from Malaysia.
According to Bangladesh Sangbad Sangstha, the proposals received approval during the 53rd meeting of the Cabinet Committee on Government Purchase (CCGP) this year, chaired by Finance Minister Amir Khosru Mahmud Chowdhury.
The approved proposal from the Energy and Mineral Resources Division includes signing three separate draft side-letter agreements with OQ Trading Limited. These agreements fall under the existing long-term LNG sales and purchase agreements (SPAs 1 and 2) as well as the short-term agreement (SPA 3), all set for LNG imports in 2027.
Additionally, the division sought approval to purchase two LNG cargoes from Malaysia's Pentitude Energy Sdn. Bhd. in 2027, with the flexibility to adjust the number of cargoes based on mutual agreement. The pricing for the Pentitude supply will follow the Japan-Korea Marker (JKM) minus US$0.18 per million British thermal units (MMBtu). Both proposals have been recommended for approval.