Dhaka, July 27 -- Bangladesh is currently in talks with Saudi oil giant Aramco to import liquefied natural gas (LNG) under a short-term contract as part of its strategy to stabilise domestic gas supply and reduce reliance on the volatile spot market.
Petrobangla Chairman Md Rezanur Rahman told The Financial Express on Saturday that Aramco has shown interest in supplying LNG to Bangladesh as part of its expanding global export operations.
"We are scrutinising a proposal from Aramco to enter into a short-term sales and purchase agreement (SPA)," he said.
Aramco, through its trading arm Aramco Trading Company, has been shortlisted as a potential LNG supplier by Bangladesh. So far, it has delivered one spot cargo through a competitive bidd...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.