Dhaka, May 5 -- owned Bangladesh Oil Gas and Mineral Corporation (Petrobangla) has signed a Memorandum of Understanding (MoU) with Bangladesh Krishi Bank to make its 50 percent invoices payments of LNG imported from QatarEneergy.

As per the contract, signed on Monday at Petrobangla's meeting room-1 in the city, the Bangladesh Krishi Bank (BKB) will provide foreign currency support to import LNG from Qatar under a long term contract.

Petrobangla officials said currently the organisation has similar contracts with a number of public and private banks.

"But sometimes, some of them face cash crunch to support the LC opening and subsequent payments," a top official of Petrobangla told UNB.

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