Bangladesh’s RPGCL launches fresh spot LNG cargo tender

Bangladesh's Rupantarita Prakritik Gas (RPGCL), a unit of state-owned Petrobangla, has issued a new tender for two spot liquefied natural gas (LNG) cargoes.

RPGCL said in a tender document that the delivery windows are September 10-11 and September 22-23.

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

The tender closes on August 3.

Before this tender, RGPCL invited bids on July 23 for three spot LNG shipments with deliveries during August 30-31, September 10-11, and September 21-22.

Local media reports suggest that Bangladesh approved the purchase of two spot LNG cargoes this week.

The reports claim that Petrobangla will buy one cargo LNG from Gunvor Singapore for $11.97/MMBtu.

Also, Petrobangla will purchase one LNG cargo LNG from Posco International for $11.95/MMBtu.

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.

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

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