RPGCL seeks new spot LNG cargoes

Bangladesh's Rupantarita Prakritik Gas (RPGCL), a unit of state-owned Petrobangla, is seeking new spot liquefied natural gas (LNG) cargoes.

According to a tender document posted on RPGCL’s website, the delivery windows are December 30-31, 2024, January 4-5, 2025, and January 9-10, 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 8.

Prior to this tender, RGPCL invited bids for one spot LNG cargo for December 30-31, 2024.

RPGCL reissued the tender for the December 30-31 delivery.

In addition to this new tender, Bangladesh is working to expand its list of potential LNG suppliers.

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

“The interested LNG suppliers may either be a single or joint venture (JV) of more than one firm or as a consortium,” RPGCL said.

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 completed its 100th STS transfer offshore Bangladesh in 2021.

Excelerate CEO Steven Kobos said during the company’s recent third-quarter earnings call that the crew of the FSRU Excellence performed their 250th ship-to-ship LNG cargo transfer in the quarter.

He said more than 50 of these transfers occurred this year.

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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