Investor Presentaiton
2. State of the Power Sector during FY2021
2.6 Selected Initiatives and Activities undertaken by the BPDB
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Bangladesh accounts for 1.2% of the global share of LNG imports in 2020, an
increase of 0.1% from 2019.
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The country imported LNG from Algeria, Equatorial Guinea, and Nigeria. The
highest volume of LNG import came from Nigeria-0.55 million tonne
Bangladesh will buy two LNG cargoes from spot market in June, one less from May,
2021 as it will be importing more gas from term suppliers in the hot summer month.
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Buy another 33.60 lakh MMBtus of liquefied natural gas (LNG) from the spot
market to meet the growing demand for the super-chilled fuel.
Vitol Asia Pte of Singapore will supply the fuel. Each MMBtu (Metric Million
British thermal units) will cost $8.012.
Bangladesh initiated to import LNG from spot market after two years of the
country's first LNG cargo import in August 2018.
It has a 15-year contract with Qatargas to import 2.5-million tonnes per year at
a 12.65% slope of the three-month average Brent price plus a 50-cent constant
The government for the first time has taken the pricing authority of LPG marketed
by private companies in its hand by re-fixing its price at the retail level.
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According to the order, per 12kg LPG cylinder will cost Tk975, which is now
being sold at Tk1000 to Tk1100, depending on companies.
The retail price of the state-owned LP Gas Limited's 12.5kg cylinder will cost
Tk591, instead of the existing price of Tk.600
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