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Bangladesh in talks with M'sian firm for LNG supply — sources

Tan KW
Publish date: Wed, 19 Jul 2023, 04:03 PM
Tan KW
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Future Tech

DHAKA/SINGAPORE Bangladesh is in talks with a Malaysian firm to secure more supplies of liquefied natural gas (LNG), industry sources said on Wednesday (July 19), as the South Asian country looks to meet demand for power.

The Malaysian firm, Perintis Akal Sdn Bhd, would supply one million metric tons per annum of LNG to Bangladesh, the sources said on condition of anonymity.

"Talks are ongoing...[it's] still in the primary stage," said a senior official from state-owned Petrobangla, who did not specify the contract duration or the start date.

Perintis Akal did not respond to a request for comment due to a public holiday in Malaysia.

Bangladesh has been signing term deals for LNG supplies to meet power demand.

In June, Petrobangla signed a 10-year contract to receive LNG supplies from OQ Trading, formerly known as Oman Trading International, and a 15-year supply deal with QatarEnergy. Both contracts will begin supplies starting in 2026.

 


  - Reuters

 

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