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Bangladesh to import 1.5m tons LNG annually from Brunei

LNG imports from Brunei could begin early next year. In a meeting with the visiting Bangladeshi delegation in Brunei, the two sides discussed about making a long-term agreement. Bangladesh wants to get a maximum of 1.5 million metric tons (MT) of LNG annually from Brunei to deal with the existing gas crisis situation in the country. For this reason, the Ministry of Electricity, Energy and Mineral Resources of Bangladesh is expecting a 10-15 year contract with the country.

Bangladesh-import-LNG-Brunei
Figure: Bangladesh to import 1 to 1.5 million metric tons of LNG annually from Brunei. Courtesy: Collected

A bilateral meeting on energy cooperation between Bangladesh and Brunei Darussalam was held in Brunei on Thursday (November 24). There was a discussion about the import of energy products including LNG.

Bangladesh State Minister for Power, Energy and Mineral Resources Nasrul Hamid and Brunei Prime Minister’s Office Energy Deputy Minister Yang Mulia Dato Seri Paduka Awang Haji Matsatejo bin Sokiawv led their respective countries in the bilateral meeting.

The Deputy Chief Information Officer of the Ministry of Power, Energy and Mineral Resources, Mir Mohammad Aslam Uddin, informed this through a circular.

After the meeting, Minister of State for Electricity, Energy and Mineral Resources Nasrul Hamid said after the meeting that fruitful discussions have been held to increase the area of ​​energy cooperation. Brunei Darussalam will supply 1 to 1.5 million metric tons of LNG annually. It is expected to receive this LNG from the beginning of next year.

In the context of the current energy crisis, importing of an average of 2 lakh 10 thousand tons of diesel on deferred payment from Brunei was discussed. It was informed in the notification that a new agreement should be made with the country on these issues. Brunei has agreed to expand areas of energy cooperation and cooperation.

In the context of the current energy crisis, the import of 2 lakh 10 thousand tons of diesel on deferred payment from Brunei was discussed. The circular informed that a new agreement should be made with the country on these issues. Brunei has agreed to expand energy cooperation and the areas of cooperation.

Bangladesh imported a total of 3 lakh 25 thousand 975 tons of diesel from Brunei Darussalam from 2014 to 2016. Due to the condition of having a 100% own refinery, it was no longer possible to import diesel from related companies in Brunei. The circular also informed that the previous conditions with the country have been relaxed.

On October 16, Bangladesh and Brunei Darussalam signed a memorandum of understanding for cooperation in the supply of liquefied natural gas and other petroleum products. After that a bilateral meeting was held between the delegations of the two countries.

The Bangladesh delegation included Senior Secretary of Energy Department Md. Mahbub Hossain; Chairman at Bangladesh Petroleum Corporation, ABM Azad; Petrobangla Chairman, Nazmul Ahsan; Converted Natural Gas Company Managing Director Zaved Choudhury and high commissioner to Brunei Darussalam, Nahida Rahman Shumona.

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