RPGCL launches tender for one spot LNG cargo

Bangladesh's Rupantarita Prakritik Gas (RPGCL), a unit of state-owned Petrobangla, is seeking a spot liquefied natural gas (LNG) cargo for delivery in January 2025.

According to a tender document posted on RPGCL’s website, the delivery window is January 30-31, 2025.

RPGCL issued the tender to “23 organizations that have signed the MSPA (master sale and purchase agreement) with Petrobangla.”

The tender will close on December 29, 2024.

Prior to this tender, RGPCL invited bids for three spot LNG cargoes for December 30-31, 2024, January 4-5, 2025, and January 9-10, 2025.

RPGCL then issued a tender on December 10 seeking two cargoes for January 5-6, 2025, and January 9-10, 2025, and it launched a new tender on December 17 seeking two cargoes for January 16-17 and January 30-31, 2025.

This means that RPGCL reissued the tender for the January 30-31 delivery.

According to local media reports, a unit of French energy giant TotalEnergies will provide two LNG cargoes in January 2025 following the completion of the tender.

The delivery slots are January 5-6, 2025, and January 9-10, 2025, with prices reportedly at $13.87/MMBtu and $14.25/MMBtu, respectively.

In addition to these tenders, Bangladesh expanded its list of potential LNG suppliers.

RPGCL recently issued an invitation for enlistment to international firms to sign up as a potential LNG supplier of spot cargoes.

The closing date for submitting applications was December 1.

Bangladesh currently imports LNG via two FSRU-based facilities, both of which feature Excelerate Energy’s FSRUs.

The 138,000-cbm FSRU Excellence serves Bangladesh’s first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla.

Launched in 2018, the FSRU-based terminal recently completed its 250th STS transfer offshore Bangladesh in 2021.

Excelerate’s 138,000-cbm FSRU Summit LNG serves as the second LNG import facility operated by Summit.

In September, Summit said the FSRU was ready to resume sendout to the grid in Bangladesh.

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