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LNG: Bangladesh Plans LNG Cargo Purchase Boost as Demand Climbs

LNG
Energy BulletsBulletPower BulletsCommodities

Bangladesh is looking to increase purchases of LNG this year, with its terminal ready to supply the national grid after cyclone related damage put it out of action for over three months, Bloomberg said.

  • State-run Prakritik Gas issued a tender to buy two cargoes for Oct delivery, indicating buying may ramp up in Q4.
  • These are the first LNG purchases since the fall of Sheikh Hasina’s government Aug. 5. They also follow the return of the country’s Summit LNG Terminal after the FSRU was damaged during a storm.
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Bangladesh is looking to increase purchases of LNG this year, with its terminal ready to supply the national grid after cyclone related damage put it out of action for over three months, Bloomberg said.

  • State-run Prakritik Gas issued a tender to buy two cargoes for Oct delivery, indicating buying may ramp up in Q4.
  • These are the first LNG purchases since the fall of Sheikh Hasina’s government Aug. 5. They also follow the return of the country’s Summit LNG Terminal after the FSRU was damaged during a storm.