ReutersThree cargoes of LNG are being procured from the spot market to increase the country's gas supplyThe government's decision to purchase liquefied natural gas (LNG) from the spot market brought a mixed bag of reactions from industry leaders and experts. Three cargoes of LNG are being procured from the spot market to increase the country's gas supply. State-owned Petrobangla will import some 33.60 lakh MMBtu LNG from the international spot market through quotation. Also Read - Proposals for LNG, petroleum, wheat import get clearanceThe spot market is currently fluctuating at $19-20 per MMBTU LNG. However, Petrobangla re-increased the supply of LNG to the national grid in July this year as LNG prices continued to rise.

Source: Dhaka Tribune September 26, 2021 10:07 UTC