Bangladesh LNG Spot Prices Surge 34 Percent as Long-Term Suppliers Suspend Cargoes
Bangladesh's LNG struggle has deepened as long-term suppliers suspend cargoes and spot prices surge 34%. Petrobangla paid $22.35/MMBTu for spot LNG, compared to $11-12/MMBTu from contracted suppliers. Only 2 of 5 spot tender attempts succeeded.