QatarEnergy signs 15-year LNG deal with Bangladesh

QatarEnergy signs 15-year LNG deal with Bangladesh

Doha, Qatar: QatarEnergy has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) by signing a 15-year deal to deliver nearly 1.8 million tonnes per annum (MTPA) LNG to Bangladesh.

The LNG SPA signing ceremony held at the QatarEnergy headquarters yesterday was attended by the Minister of State for Energy Affairs and President and CEO of QatarEnergy H E Saad bin Sherida Al Kaabi and the State Minister for Power, Energy and Mineral Resources of the People’s Republic of Bangladesh H E Nasrul Hamid.

During the event, H E Al Kaabi lauded the strong bilateral relations between Bangladesh and Qatar in every field, which contributes to the economic growth of the countries. He said: “The State of Qatar shares historic ties with the People’s Republic of Bangladesh in the political and economic sphere among others.”

He continued by saying that Bangladesh has significantly contributed to South Asia’s LNG demand and diversified energy sources.

Commenting on the exceptional agreement that aims to foster relations with the South Asian country in the energy sector, H E Al Kaabi said that “Today we are proud to be the largest energy supplier to Bangladesh delivering more than 3.5 million