Bangladesh is preparing to significantly ramp up its liquefied natural gas (LNG) imports from long-term suppliers next year, aiming to reduce dependence on costly and uncertain spot market purchases.
imports under long-term sales and purchase agreements (SPAs) are set to rise by more than 53 per cent in 2026, reaching 86 cargoes compared with 56 this year, according to officials.
the state-run Petrobangla expects the increased volumes to come from newly signed SPAs with QatarEnergy, Oman’s OQ Trading, and US-based Excelerate Energy, alongside its existing arrangements. At the same time, spot market purchases are projected to fall by over 38 per cent, easing exposure to volatile prices.
the additional cargoes will come from the new suppliers that signed sales and purchase agreements (SPAs) with staterun Petrobangla in 2023.