Local firms now have the chance to collaborate with prospective world map suppliers thru joint ventures to verify an on a regular foundation provide of LNG to Petrobangla, fostering higher vitality security and market participation.
This alternate has been made this time within the gentle floated by the Rupantarita Prakritik Gasoline Company Tiny (RPGCL), the procuring agency and a subsidiary of the express procuring entity Bangladesh Oil, Gasoline & Mineral Corporation (Petrobangla).
“Now we have brought this alternate to map a alternate opportunity for the native firms,” Engr Md Rafiqul Islam, Managing Director of the RPGCL, told UNB.
Closing time, he said, 43 world LNG suppliers submitted their Expression of Interest (EOI), and at final, 22 firms obtained the likelihood to envision apart them on the shortlist of suppliers.
Sources, on the opposite hand, said despite the indisputable reality that 22 world firms had been enlisted with the RPGCL shortlist, finest 3 to 4 firms, who had allegedly alternate interests with the final Awami League regime, obtained the likelihood to rotate to provide the LNG from the world map market to the Petrobangla.
“We hope this time many more world LNG suppliers will characterize hobby in supplying LNG from the map market,” he added.
As phase of the pass to map a original short checklist of world map market LNG provide firms, the RPGCL floated an delivery gentle on 10 November searching for EoI from aspirant suppliers. As per the gentle see, the aspirant LNG suppliers must post the EoIs by 12:30pm on 1 December 2024.
Bangladesh has been importing liquefied pure gasoline (LNG) from the world map market since 2019 to meet its rising gasoline demands.
Throughout the final regime of the Awami League, 17 firms had been on the starting up listed per the Like a flash Magnify of Energy and Energy Present Act 2010. Then, 5 more firms had been added to the checklist.
Petrobangla has been importing LNG from these firms into the world map market. Nonetheless every time, it was considered that again and again again, a good deal of certain firms had been getting contracts and dominating the alternate.
These firms embody Vitol Asia of Singapore, TotalEnergies of Switzerland, Excelerate Energy of the US, and Gunvor Singapore.
Of these, there are allegations that a pair of of the firms had alternate interests with dilapidated ministers, express ministers of the fallen Awami League authorities, and native alternate groups.
After the fall of the Awami League authorities, when the intervening time authorities assumed office, it decided to suspend the Like a flash Magnify of Energy and Energy Present Act 2010 and as a substitute import the LNG from the map market under the Public Procurement Rule 2008.
It also decided to scrap the checklist of the firms rapidly to elevate transparency within the bulk import of LNG because the authorities has to use higher than a thousand million greenbacks to import the LNG.
As phase of the likelihood, Petrobangla finally ready a original checklist of firms thru an delivery and transparent route of.
“Now we have decided once the original checklist of the firms is ready, we can assassinate the old checklist of the 23 firms”, said Zanendra Nath Sarker, the Petrobangla chairman.
Energy industry insiders said the original pass will motivate more reputed world firms to provide LNG to Bangladesh from the world map market.
“It goes to also facilitate getting LNG at a a lot decrease rate, that can per chance by some means gash the authorities’s vitality cost, ” said an vitality knowledgeable wishing anonymity.
Bangladesh has been experiencing a sizable gasoline disaster as it produces 3100 MMCFD Gasoline per day against a inquire of about 4000 MMCFD.
Of the total production of 3100 MMCFD, some 1100 MMCFD gasoline is being imported from in a single other country, of which 150-200 MMCFD gasoline is imported from the map market while the final is imported from Qatar and Oman under prolonged-time interval contracts.
Petrebangla deliberate to import a total of 115 cargoes of LNG on a short and prolonged-time interval foundation to meet the native gasoline inquire.
