Bangladesh is cancelling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.
The offer from the Asian unit of Vitol to supply 138,000 cubic metres of LNG for Dec. 9-10 delivery was more than $2 per unit higher than the prices that Bangladesh pays under long-term contracts, said Anisur Rahman, senior secretary to the Energy and Mineral Resources Division.
State-run Rupantarita Prakritik Gas Company, which is in charge of LNG imports into the country, cancelled a tender for November delivery, citing the same reason.
“From December, we have a plan to import two cargoes of LNG from the spot markets each month,” Rahman said, adding that both the tenders would be reissued.
