Reliance on Spot LNG Imports Set to Shrink in 2026

Bangladesh will cease importing liquefied natural gas (LNG) from the spot market for the remainder of 2025, as the g o v e r n m e n t plans to meet all remaining demand through long-term supply contracts.

the country has already purchased its final spot cargo for delivery in late December, a senior Petrobangla official said.

the decision follows a year of unusually high spot-market purchases, around four dozen cargoes, amid volatile global prices and rising domestic consumption. With several new long-term agreements taking effect from 2026, the official said, reliance on the spot market is set to shrink significantly. Petrobangla officials said the shift will stabilize supply, strengthen price predictability, and support the country’s fastgrowing LNG demand over the next two decades.

imports under long-term sales and purchase agreements (SPAs) are expected to rise by more than 53 per cent in 2026, reaching 86 cargoes compared with 56 this year.

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