Skip to main content

RasGas signs 15-year LNG deal with Petrobangla

Published by
LNG Industry,

According to multiple sources, Bangladesh's maiden LNG import deal was tied up on 25 September after Petrobangla and Qatar's RasGas signed a 15-year agreement.

The agreement was signed in Doha by Hamad Mubarak Al Muhannadi, CEO of RasGas, and Abdul Mansur Md Faizullah, Petrobangla Chairman.

RasGas will supply 2.5 million tpy of LNG.

The construction works for the two FLNG terminals and the land-based LNG terminals are progressing well.

The government has also undertaken an initiative to construct an LNG-based power plant alongside importing small scale LNG.

As per the terms of the agreement, Petrobangla will have to deposit a standby letter of credit equivalent of the price of two months' LNG on the basis of a base annual contract quantity to a first-class international bank as financial security.

Read the article online at:

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »


Embed article link: (copy the HTML code below):


LNG Industry is not responsible for the content of external internet sites.