Two industry sources stated that Petrobangla has cancelled some spot liquefied natural gas imports because one of the two import terminals in the nation was damaged by a cyclone and could not accept cargoes.
Bangladesh, a country with a population of over 170 million, depends on LNG imports to meet its energy needs. The state-owned group is responsible for handling this responsibility.
According to one of the sources, Summit LNG, the owner of the damaged terminal, informed Petrobangla that it had issued a force majeure declaration about LNG deliveries following the damage to their facility.
In late May, Summit LNG paused operations at its floating storage and regasification unit (FSRU) in Moheshkhali after it was significantly damaged during a cyclone.
Later, they announced that the floating terminal, or FSRU, would be heading to Singapore or the Middle East for repairs. After they were finished, the company aimed to have it back in Bangladesh in three weeks.
Four spot cargoes that were supposed to be delivered between late May and around mid-June were cancelled by Petrobangla due to Summit’s terminal outage, a senior official announced on Tuesday.
The official stated that QatarEnergy was scheduled to deliver the fourth spot cargo between 19th and 21st June, while Gunvor was scheduled to deliver the remaining three in late May and between 7th and 11th June.