Tag: LNG

8 news articles tagged with "LNG"

Policy & Regulation ★ Editor's Pick Aug 01, 2026

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.

Policy & Regulation ★ Editor's Pick Jul 29, 2026

Bangladesh Secures 13-Year LNG Import Deal with US Firm Gunvor Worth Tk 715 Billion

Bangladesh has approved a 13-year LNG import deal with US-based Gunvor USA LLC worth approximately Tk 714.95 billion. The deal will supply 78 cargoes of LNG from 2026 to 2039 under a government-to-government framework to meet the country's growing energy demand.

Logistics & Shipping Jul 26, 2026

Bangladesh Gas Supply at Risk as Damaged FSRU Repair Could Take a Week

Bangladesh faces gas supply uncertainty as the damaged Floating Storage and Regasification Unit (FSRU) may take at least a week for even partial repair. The government hopes to resume partial operations within a week.

Policy & Regulation Aug 01, 2026

Petrobangla Denies Gas Price Hike Plans Amid Public Speculation and Energy Crisis

Petrobangla has denied plans to increase gas prices, issuing a public notice urging people not to be misled by speculative reports. The clarification comes amid the ongoing gas crisis and rising LNG spot prices.

Policy & Regulation Jul 27, 2026

Bangladesh Must Restructure Energy Sector with Six Bold Reforms, PRI Says

Bangladesh's energy sector has become a macroeconomic threat with import bills surging from $4.3B to $11.2B and subsidies absorbing 22% of tax revenue, according to PRI's Sadiq Ahmed. He proposes six bold reforms including deregulation, corporatisation, and depoliticised pricing.

Logistics & Shipping Jul 26, 2026

Bangladesh Brings Foreign Experts to Repair Damaged FSRU as LNG Recovery Could Take Weeks

Excelerate Energy has brought in foreign experts to repair the damaged FSRU at Moheshkhali. The shutdown has cut 450 mmcfd of gas supply to Bangladesh's national grid, disrupting industrial production, CNG stations, and household cooking. Full recovery could take a couple of weeks.

Logistics & Shipping Jul 27, 2026

Red Sea Shipping Slows After Houthi Attack on Saudi Aramco Facilities

Houthi attacks on Saudi Aramco facilities in Jizan and Yanbu have slowed Red Sea shipping, with only 11 vessels passing through Bab el-Mandeb on Sunday. Crude cargo prices jumped to two-month highs. Strait of Hormuz traffic also remained low despite US-Iran strike pause.

Logistics & Shipping Jul 27, 2026

Oil Prices Sink as US-Iran Pause Fuels Fresh Hormuz Hopes, Brent Drops Below $90

Oil prices tumbled Monday as a US-Iran strike pause boosted hopes for Hormuz reopening. Brent crude dropped below $90/barrel after shedding 7%. Bangladesh stands to benefit from reduced energy import costs and stabilising Middle East shipping.

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