Bangladesh’s Petrobangla and Summit close to signing 1.5 mil mt/year LNG deal

Bangladesh’s state-owned Petrobangla is close to finalizing a new 15-year long-term LNG supply contract with privately owned Summit Group for around 1.5 million mt/year of LNG starting from January 2026, the heads of both companies told S&P Global Commodity Insights. State-owned Petrobangla has completed negotiations with Summit Group and a sales and purchase agreement, or SPA, will be inked soon,… Bangladesh’s state-owned Petrobangla is close to finalizing a new 15-year long-term LNG supply contract with privately owned Summit Group for around 1.5 million mt/year of LNG starting from January 2026, the heads of both companies told S&P Global Commodity Insights. State-owned Petrobangla has completed negotiations with Summit Group and a sales and purchase agreement, or SPA, will be inked soon,… Read More