Declining domestic production has caused power outages
Bangladesh to deepen LNG reliance
The Asian country is looking for foreign investors to build a second regasification terminal
Bangladesh paid record prices for LNG cargoes last month, soon after making a renewed commitment to gas imports. The South Asian country is far from alone. Asian spot LNG prices spiked to more than $56/mn Btu in early October, pressuring importers across the region. But the price shock was felt particularly keenly in Dhaka, where proponents of LNG felt they had only just clinched the argument. The government spent the summer courting foreign investors it hopes will build its first permanent LNG terminal, shortlisting eight groups in September. Japan’s Tokyo Gas carried out the feasibility study for the 7.5mn t/yr onshore facility—which will double Bangladesh’s import capacity—and is advising
Also in this section
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
