QatarEnergy’s LNG buying and selling arm, QatarEnergy Buying and selling, has entered right into a long-term LNG sale and buy settlement (SPA) with Bangladesh Oil, Fuel and Mineral Company (Petrobangla) to produce about 1.8 million tpy of LNG to Bangladesh for 15 years, beginning in 2026.
The SPA signing at QatarEnergy’s Headquarters in Doha, was witnessed by Saad Sherida Al-Kaabi, the Minister of State for Power Affairs, the President and CEO of QatarEnergy, and Nasrul Hamid, the State Minister for Energy, Power and Mineral Sources of the Folks’s Republic of Bangladesh.
Al-Kaabi mentioned: “At this time, we’re proud to be the most important LNG provider to Bangladesh and Petrobangla by a big margin, delivering greater than 3.5 million tpy from Qatar to Bangladesh. These provide preparations reinforce our unwavering dedication to safeguarding the vitality safety of valued clients like Bangladesh and delivering the dependable vitality they require for socio-economic growth and prosperity.”
Al-Kaabi added: “I’d additionally like to precise our gratitude to His Highness the Amir, Sheikh Tamim bin Hamad Al Thani, for his smart management and his continued steerage to and help of the vitality sector.”
Qatar at the moment delivers greater than 3.5 million tpy of LNG to Bangladesh. With this new SPA, QatarEnergy reaffirms its place because the LNG provider of selection for its companions within the South Asia LNG markets.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/05062023/qatarenergy-signs-15-year-lng-supply-agreement-with-bangladesh/