• Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Thursday, June 1, 2023
L N G News
  • Home
  • News
  • Advertise
  • Events
  • Magazine
  • Webinars
  • White papers
No Result
View All Result
  • Home
  • News
  • Advertise
  • Events
  • Magazine
  • Webinars
  • White papers
No Result
View All Result
L N G News
No Result
View All Result
Home Advertise

Bangladesh Buys Fuel for First Time in Eight Months on Worth Drop

manusohal by manusohal
February 1, 2023
in Advertise
0
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter


(Bloomberg) — Bangladesh bought a liquefied pure fuel cargo after an eight-month hiatus, the newest signal that plummeting costs are making the gasoline reasonably priced once more for energy-starved rising nations.

Most Learn from Bloomberg

The South Asian nation purchased a cargo from the spot market earlier this week for February supply, in accordance with merchants with data of the matter. That comes after Asian LNG costs dropped about 70% since August.

Whereas Asian LNG spot costs are nonetheless double their 10-year common by way of 2020, the current declines will convey welcome aid to Bangladesh’s authorities, which had been pressured to set off rolling blackouts throughout the nation to preserve gasoline and scale back the pressure on the grid. The federal government had halted further LNG purchases in June after costs surged within the wake of Russia’s invasion of Ukraine and known as for austerity in electrical energy consumption.

Rising nations shunned costly LNG shipments for a lot of final yr, as a substitute turning to cheaper gasoline — resembling coal — or rationing fuel to industries and shoppers. That’s altering now {that a} gentle begin to winter in Europe and North Asia is making the gasoline extra reasonably priced once more for the likes of India and Thailand.

Bangladesh can be in a greater place to purchase gasoline on worldwide markets after this week securing $4.7 billion in loans from the Worldwide Financial Fund. The nation’s foreign-exchange reserves had dwindled after the surge in commodity costs final yr.

Most Learn from Bloomberg Businessweek

©2023 Bloomberg L.P.



Source_link

You might also like

Is Mozambique LNG rebirth in sight? Hypothesis builds about restart of $20 billion mission

Shell 4Q Internet Revenue Boosted by Increased LNG, Deferred Taxes — Vitality Remark

Govt resumes importing LNG from worldwide spot market

Previous Post

A PKF occasion on Renewals and de-carbonization

Next Post

Elon Musk lastly delivers on the long-awaited Tesla…

manusohal

manusohal

Related Posts

Advertise

Is Mozambique LNG rebirth in sight? Hypothesis builds about restart of $20 billion mission

by manusohal
February 2, 2023
Advertise

Shell 4Q Internet Revenue Boosted by Increased LNG, Deferred Taxes — Vitality Remark

by manusohal
February 2, 2023
Advertise

Govt resumes importing LNG from worldwide spot market

by manusohal
February 2, 2023
Advertise

Analysts Count on 144 Billion-Cubic Foot Withdrawal in U.S. Pure-Gasoline Inventories

by manusohal
February 1, 2023
Advertise

Shell Is Promoting ‘Carbon Impartial’ Fossil Fuels Once more

by manusohal
February 1, 2023
Next Post

Elon Musk lastly delivers on the long-awaited Tesla…

Categories

  • Advertise
  • Events
  • Magazine
  • News
  • Webinars
  • White papers

Don't miss it

News

As LNG Falls Behind in Japan, The Specter of U.S. Cargo Cancellations Looms – Column

June 1, 2023
News

Sustain-to-date with LNG2023 | LNG Trade

June 1, 2023
Magazine

Van Oord receives third dual-fuel dredger

May 31, 2023
News

EIA Expects World Pure Gasoline Costs to ‘Reasonably’ Drive Henry Hub By means of 2050

May 31, 2023
Magazine

Wärtsilä indicators settlement with NYK LNG Ship Administration

May 31, 2023
News

July Pure Fuel Futures Stumble as Weak Climate Demand Prevents Progress; Spot Costs Get better

May 30, 2023

L N G News

Welcome to lnging.com The goal of lnging.com is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • Advertise
  • Events
  • Magazine
  • News
  • Webinars
  • White papers

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent Post

  • As LNG Falls Behind in Japan, The Specter of U.S. Cargo Cancellations Looms – Column
  • Sustain-to-date with LNG2023 | LNG Trade
  • Van Oord receives third dual-fuel dredger

Copyright © 2022 Lnging.com | All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Advertise
  • Events
  • Magazine
  • Webinars
  • White papers

Copyright © 2022 Lnging.com | All Rights Reserved.