Bangladesh seeks spot LNG cargoes

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

The delivery windows are July 14-15 and July 20-21, 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 for LNG supply on a spot basis.

The tender was issued on Sunday, and it closes on June 23.

RPGCL’s data show that it issued tenders for 33 spot LNG cargoes this year.

Earlier this month, RPGCL sought bids for three LNG cargoes, with delivery dates July 8-9, July 12-13, and July 14-15.

This means that RPGCL is again seeking bids for the July 14-15 window.

In addition, RPGCL launched a tender on June 16 seeking bids for one LNG cargo with delivery July 7-8.

Qatar, which declared force majeure to its LNG buyers on March 4, is the main LNG supplier to Bangladesh via long-term LNG deals.

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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