QatarEnergy signs 15-year LNG deal with Bangladesh

12/06/2023

QatarEnergy’s LNG trading arm, QatarEnergy Trading, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG to Bangladesh for 15 years, starting in 2026.

Qatar currently delivers more than 3.5 million tons per annum of LNG to Bangladesh. With this new SPA, QatarEnergy reaffirms its position as the LNG supplier of choice for its partners in the South Asia LNG markets.

In his remarks during the signing ceremony, His Excellency Mr. Saad Sherida Al-Kaabi said, “Today, we are proud to be the largest LNG supplier to Bangladesh and Petrobangla by a large margin, delivering more than 3.5 million tons per annum from Qatar to Bangladesh. These supply arrangements reinforce our unwavering dedication to safeguarding the energy security of valued customers like Bangladesh and delivering the reliable energy they require for socio-economic development and prosperity.”

The SPA signing at QatarEnergy’s Headquarters in Doha, was witnessed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and His Excellency Mr. Nasrul Hamid, the state minister for Power, Energy and Mineral Resources of the People's Republic of Bangladesh.

Source: Worldoil.com

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QatarEnergy signs 15-year LNG deal with Bangladesh

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