International suppliers are offering long-term deals with Bangladesh to meet its soaring demand for liquefied natural gas (LNG), while energy experts and consumer right groups want the government to go through a competitive bidding process to ensure transparency.
Currently, the government is importing around five to six LNG cargoes, having the quantity of around 138,000 cubic metres every month. But the forecast is that the import will go up gradually as the country’s focus is now being shifted to LNG from coal as primary fuel for power generation.
According to sources, Bangladesh now imports LNG from two companies—Qatar-based QatarGas and Oman-based Oman Trading International—on long term basis while short-term supply is coming from international spot market where 17 more companies are enlisted.
Four more companies have been given green signal to be enlisted with the state-owned Petrbangla to supply LNG from the spot market.
Official sources said the long-term import is based on unsolicited deal while the short-term imports are taking place through a bidding process.