QatarEnergy has agreed to a long-term LNG Sale and Purchase Agreement with Bangladesh Oil, Gas and Mineral Corporation - Petrobangla

By signing a 15-year agreement, QatarEnergy has agreed into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to provide Bangladesh with close to 1.8 million tonnes of LNG annually (MTPA).

The 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, both attended the LNG SPA signing ceremony that took place yesterday at the QatarEnergy headquarters. H E Al Kaabi praised Bangladesh and Qatar's solid bilateral ties during the occasion, noting how they help both nations' economies thrive in every area. He declared: "The State of Qatar shares historic ties in the political and economic spheres, among others, with the People's Republic of Bangladesh." He went on to explain that Bangladesh has substantially influenced the demand for LNG in South Asia and the region's diversification of energy sources.

According to Minister Al Kaabi, the long-term arrangement will start in January 2026, and Qatar will work to keep its position as the region's top LNG supplier in South Asia.

H E Hamid, the minister of Bangladesh, said during the signing ceremony for the agreement, "This is indeed another milestone in this strong bilateral relationship between the two friendly countries having a long bilateral time based on mutual respect." Hamid stated that Bangladesh has become "one of the fastest-growing economies globally" and that the LNG supply will satisfy the rising need for energy. The Minister emphasised that with Qatar's assistance, the South Asian nation "hopes to overcome" forthcoming obstacles in the energy industry as the two nations prepare to enter into a new agreement. Furthermore, Hamid emphasised that Qatar has been a top energy goal, and that with good communication, corporate assistance would advance all sectors, including LNG.