Bangladesh plans to marginally increase LNG spot imports in 2024: Petrobangla official
Bangladesh plans to marginally increase LNG procurement from the spot market in 2024 from 2023 levels by one cargo as its long-term suppliers are unwilling to boost supply under existing contracts, but lower prices could incentivize more spot imports, a senior Petrobangla official said Dec. 26. Market participants largely expect global LNG balances to remain tight until 2025-26 due to… Bangladesh plans to marginally increase LNG procurement from the spot market in 2024 from 2023 levels by one cargo as its long-term suppliers are unwilling to boost supply under existing contracts, but lower prices could incentivize more spot imports, a senior Petrobangla official said Dec. 26. Market participants largely expect global LNG balances to remain tight until 2025-26 due to… Read More
