The Financial Express

Bangladesh seeks LNG cargo for February delivery

| Updated: January 28, 2023 06:49:05

File photo. (Collected) File photo. (Collected)

Bangladesh's state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) is seeking one liquefied natural gas (LNG) cargo for delivery between February 21-22, two industry sources said on Friday.

The tender is sought on a delivered ex-ship (DES) basis and closes on Jan. 29, reports Reuters.

Bangladesh had last purchased its spot cargo of 138,000 cubic metres for delivery in June 2022 at $24.25 per million British thermal unit (MMBtu) from Gunvor Group, one of the world's leading commodity trading firms.

It then halted spot purchases of the fuel due to a spike in prices LNG-AS, which have since eased more than 20 per cent since the start of the year.

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