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Revealed by Jessica Casey,
Editor
LNG Trade,
QatarEnergy and Excelerate Vitality have signed a long-term LNG sale and buy settlement (SPA) for the provision of LNG from Qatar to Bangladesh.
Pursuant to the SPA, Excelerate will buy as much as 1 million tpy of LNG from QatarEnergy to be delivered to FSRUs in Bangladesh for 15 years beginning in January 2026.
Excelerate will buy 0.85 million tpy of LNG in 2026 and 2027, and 1 million tpy from 2028 – 2040.
Saad Sherida Al-Kaabi, the Minister of State for Vitality Affairs, the President and CEO of QatarEnergy, mentioned: “We’re happy to signal this settlement with Excelerate for the provision of as much as 1 million tpy of LNG to Bangladesh. This new settlement will additional strengthen our relationship with Excelerate whereas additionally supporting the power necessities of the Folks’s Republic of Bangladesh and its stride in direction of larger financial growth.”
Qatar is the biggest LNG provider to Bangladesh and aspires to proceed being the LNG provider of alternative for companions within the South Asia LNG markets.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/29012024/qatarenergy-and-excelerate-energy-sign-15-year-spa/
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