Bangladesh leans towards long-term LNG contracts with recent deals

National oil and gas company Petrobangla’s signing of long-term LNG contracts of late showed Bangladesh’s preference for long-term supply over dependence on spot market procurement, even as tight market conditions have started to ease. The deals reflected how state-owned energy companies in Asia’s emerging markets still prioritize supply security and are saddled with a bureaucratic decision making structure not conducive… National oil and gas company Petrobangla’s signing of long-term LNG contracts of late showed Bangladesh’s preference for long-term supply over dependence on spot market procurement, even as tight market conditions have started to ease. The deals reflected how state-owned energy companies in Asia’s emerging markets still prioritize supply security and are saddled with a bureaucratic decision making structure not conducive… Read More