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Market Chatter: Bangladesh to Buy 117 US LNG Cargoes for 2026-2038 Delivery

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Bangladesh has begun making long-term liquefied natural gas purchases from the US as continued disruption in the Middle East prompts it and other Asian nations to look further afield for energy supplies, Reuters reported on Wednesday.

The government approved a purchase of 117 US LNG cargoes from US-based Gunvor over the 2026-2038 period in a state-level agreement, together with eight cargoes from other international suppliers, the article said.

Five of the cargoes are for purchase in 2026, six in 2027 and six in 2028. All of the cargoes except for three of those for deliver in 2028, will be priced at the Japan Korea Marker index plus 8.75 US cents per million British thermal units, Reuters said.

The other three 2028 cargoes and 10 cargoes each year from 2029 to 2038 will have their price fixed at 121% of the US Henry Hub benchmark plus $5.20 per mmBtu.

could not immediately reach the Bangladeshi energy ministry.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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