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Bangladesh buys LNG at double Dec prices to secure supply amid rising global tensions and declining domestic output.
Bangladesh has approved emergency purchases of three liquefied natural gas cargoes on the spot market at prices more than double those from December, amid rising global energy costs due to Middle East tensions.
The $240 million deal, finalized by the Cabinet Committee on Government Purchase, includes one cargo from TotalEnergies (UK) at $21.58 per MMBtu and two from Posco International (South Korea) at $20.76 per MMBtu, with deliveries scheduled for April 2026.
The move aims to stabilize energy supply as domestic gas production declines and geopolitical disruptions threaten imports.
The country, which relies heavily on imported LNG, faces ongoing fiscal strain from volatile spot market prices, prompting fuel rationing and supply cuts.
Bangladesh compra GNL al doble de los precios de diciembre para asegurar el suministro en medio de las crecientes tensiones globales y la disminución de la producción doméstica.