QatarEnergy has signed a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas, and Mineral Corporation (Petrobangla).
The Sale and Purchase Agreement aims to deliver nearly 1.8 million tons per annum (MTPA) LNG to Bangladesh for 15 years, starting in 2026.
The LNG SPA signing ceremony, held at the QatarEnergy headquarters, was attended by the Minister of State for Energy Affairs and President and CEO of QatarEnergy HE Saad bin Sherida Al Kaabi and the State Minister for Power, Energy and Mineral Resources of the People’s Republic of Bangladesh HE Nasrul Hamid.
“Today we are proud to be the largest energy supplier to Bangladesh delivering more than 3.5 million tons of LNG per annum from Qatar to Bangladesh. This supply agreement reinforces our unwavering dedication to safeguarding the energy security of valued customers like Bangladesh and delivering the reliable energy they require for socio-economic development and prosperity.”
Mr. Al Kaabi further noted that “the long-term agreement will commence in January 2026 and Qatar will look to maintain its position as the top supplier of LNG in the South Asia region.”
“Bangladesh has emerged as “one of the fastest-growing economies globally” and the LNG supplies will meet the increasing energy demand. We deeply appreciate the brotherly and friendly support from the State of Qatar. I firmly believe this gesture of friendship will strengthen our energy cooperation and enhance bilateral cooperation across various economic and security fields,” Mr. Hamid stated.