Bangladesh has decided to import two cargo liquefied natural gas (LNG) from Switzerland and Singapore at a cost of BDT 1496.37 crore in a bid to fulfill the steadily growing energy needs of the country. The LNG will be procured from spot market for which Total Energy Gas and Power Limited of Switzerland is quoting USD 15.73 per MMBTU while Gunvor Singapore Private Limited is quoting USD 15.47 per MMBTU. It was approved in a meeting headed by Economic Adviser Salehuddin Ahmed, as part of the shared vision of Bangladesh government to secure reliable energy sources in the wake of rising demand.
The LNG imports are expected to stabilize the country’s energy supply as it faces power shortages and growing demands for natural gas to meet both residential and industrial needs. The import deal is also part of Bangladesh’s broader strategy to manage energy costs while ensuring uninterrupted power supply. By securing LNG from international markets at competitive prices, the government hopes to meet the needs of its population and growing economy, reducing the pressure on domestic energy sources.
Source: Business Inspection BD
