Bangladesh 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, as the country looks to secure supplies amid disruptions from the escalating Middle East conflict.

The delivery windows are April 15-16 and April 21-22, according to a tender document.

RPGCL issued the tender to the 24 organizations that have signed the MSPA (master sale and purchase agreement) with Petrobangla.

The tender was issued on Sunday, and it closes on March 17.

Before this, RPGCL issued two tenders for a total of five spot LNG cargoes after QatarEnergy declared force majeure to its LNG buyers.

Qatar is the main LNG supplier to Bangladesh via long-term LNG deals.

According to several local media reports, Gunvor will supply one LNG cargo to Petrobangla on March 15-16, and Vitol will supply one LNG cargo on March 18-19.

The Gunvor cargo will cost $28.28 per million British thermal units (mmBtu), while the Vitol cargo is priced at $23.08 per mmBtu.

Moreover, TotalEnergies Gas and Power will reportedly supply one LNG cargo priced at $21.58 per mmBtu for delivery on April 5-6, while POSCO International will supply two cargoes, priced at $20.76 ​per mmBtu each, on ⁠April 9-10 and April 12-13.

Oman’s state-owned firm OQ recently released a short statement following reports that its unit declared force majeure on LNG shipments to Bangladesh’s Petrobangla.

Reports also said that US FSRU player Excelelerate Energy declared force majeure on Qatari LNG supplies to Petrobangla.

Excelerate did not comment on the matter.

The company noted in its recent results report that it commenced LNG cargo deliveries into Bangladesh in January 2026 under the previously announced 15-year LNG sale and purchase agreements with QatarEnergy and Petrobangla.

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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