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Bangladesh’s RPGCL seeks more spot LNG cargoes
NNatural Gas

Bangladesh’s RPGCL seeks more spot LNG cargoes

  • 2026-03-09

The delivery windows are April 5-6, April 9-10, and April 12-13, according to a tender document.

RPGCL issued the tender to the 24 organizations that have signed the MSPA (master sale and purchase agreement) with Petrobangla.

The tender was issued on Sunday, and it closes on March 10.

Before this, RPGCL launched a tender for two spot LNG cargoes on March 4.

Local media reports suggest that Gunvor will supply one LNG cargo on March 15-16 and Vitol will supply one LNG cargo on March 18-19.

The Gunvor cargo will cost $28.28 per million British thermal units (mmBtu), while the Vitol cargo is priced at $23.08 per mmBtu, nearly 2.8 and 2.3 times more than the approximately $10 per mmBtu recorded in the previous tender in January, the reports said.

LNG prices and ship charter rates skyrocketed last week after QatarEnergy stopped producing LNG at its giant Ras Laffan complex on Monday.

QatarEnergy declared force majeure to its affected LNG buyers on Wednesday.

Qatar is the main LNG supplier to Bangladesh via long-term LNG deals.

Bangladesh’s power plants and factories risk fuel shortages, forcing Petrobangla to scramble for costly spot cargoes.

OQ Trading and Excelerate

Local media reports also said on Monday, citing Petrobangla officials, that the company received force majeure notices from Oman-based OQ Trading on March 5, followed by US FSRU player Excelerate Energy the next day.

LNG Prime could not confirm this immediately.

Petrobangla has long-term contracts with the two firms.

With the three suppliers invoking force majeure, Bangladesh is set to lose all six LNG cargoes scheduled under long-term contracts for April, along with two additional deliveries from short-term arrangements, the reports said.

Excelerate noted in its recent results report that it commenced LNG cargo deliveries into Bangladesh in January 2026 under the previously announced 15-year LNG sale and purchase agreements with QatarEnergy and Petrobangla.

Bangladesh currently imports LNG via two FSRU-based facilities, both of which feature Excelerate’s FSRUs.

The 138,000-cbm FSRU Excellence serves Bangladesh’s first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla.

Excelerate’s 138,000-cbm FSRU Summit LNG serves as the second LNG import facility operated by Summit.

  • Tags:
  • gas price
  • Liquefied natural gas
  • lng
  • LNG Price
  • natural gas
  • Petrobangla
  • QatarEnergy
  • RPGCL
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