Govt. plans $350 million loan for LNG imports
Govt. plans $350 million loan for LNG imports

Gas production in the country has been continuously declining, which has led to an increase in LNG imports. However, due to the dollar crisis, import bills are not being paid regularly. As a solution, the government plans to take a loan with World Bank support in the next fiscal year (2025-26) to...

Govt to procure one cargo LNG from spot market
Govt to procure one cargo LNG from spot market

The government today (March 5) approved a proposal inprinciple for procuring one cargo LNG from the spot market to meet theemergency need for gas. The approval came from the ninth meeting of the Advisers Council Committee onEconomic Affairs in this year held today at the Cabinet Division...

US’s Argent LNG sets deal with Bangladesh govt to supply 5m tons of LNG annually
US’s Argent LNG sets deal with Bangladesh govt to supply 5m tons of LNG annually

Argent LNG, developing a 25 million metric tons per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to supply up to 5 million metric tons of liquefied natural gas (LNG) annually, the company announced on Friday, reports Reuters. This...