Qatar and US companies sign deal to supply LNG to Bangladesh LNG
Photo: Wallpaper Cave Representational image

Qatar and US companies sign deal to supply LNG to Bangladesh

Bangladesh Live News | @banglalivenews | 31 Jan 2024, 01:12 pm

Dhaka, Jan 31: Qatar's state-owned energy company QatarEnergy and US-based Accelerate Energy have signed an agreement to supply liquefied natural gas (LNG) to Bangladesh for 15 years.

The British news agency Reuters reported that the agreement was signed between the two companies on Monday to supply LNG to Bangladesh.

According to the agreement, the two companies will supply LNG to Bangladesh for the next 15 years from January 2026. And this supply will be 10 lakh metric tons per year.

QatarEnergy has recently signed a series of contracts to supply LNG to European and Asian countries. And for this, Qatar Energy has started their North Field Expansion Project on a large scale. As a result of these, Qatar's LNG production is expected to reach 126 million metric tons from 77 million metric tons by 2027.

Currently, Qatar is one of the top LNG exporting countries in the world. And Qatar is the largest supplier of LNG to Bangladesh. Natural gas is generally considered an interim fuel; Which will be in demand in the near future.

QatarEnergy CEO Saad Al-Kaabi said in a statement, "This new agreement will further strengthen our relationship with Accelerate. At the same time, the agreement will help Bangladesh's energy demand and progress towards greater economic development."