Bangladesh to deepen LNG reliance
The Asian country is looking for foreign investors to build a second regasification terminal
Bangladesh paid record prices for LNG cargoes last month, soon after making a renewed commitment to gas imports. The South Asian country is far from alone. Asian spot LNG prices spiked to more than $56/mn Btu in early October, pressuring importers across the region. But the price shock was felt particularly keenly in Dhaka, where proponents of LNG felt they had only just clinched the argument. The government spent the summer courting foreign investors it hopes will build its first permanent LNG terminal, shortlisting eight groups in September. Japan’s Tokyo Gas carried out the feasibility study for the 7.5mn t/yr onshore facility—which will double Bangladesh’s import capacity—and is advising
Also in this section
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive
12 April 2024
Iran has announced multibillion dollar spending programmes aimed at domestic companies, inspired by recent export success