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Bangladesh permits 8 new corporations to obtain LNG from spot markets
The Bangladesh authorities has allowed eight new corporations to obtain LNG from the spot markets, state information company Bangladesh Sangbad Sangstha (BSS) reported on November 3.
The federal government accredited the proposal at a gathering of the Cupboard Committee on Financial Affairs chaired by finance minister AHM Mustafa Kamal. The state vitality firm Petrobangla will now signal agreements with the eight firms.
The businesses chosen are LNG Japan Company, Socar Buying and selling UK, POSCO Worldwide Company, Qatar Power Buying and selling, Inpex Company, Pavilion Power Buying and selling & Provide, PetroChina Worldwide and PTT Worldwide Buying and selling.
Bangladesh already has comparable agreements with 16 corporations and with the most recent approval the quantity would improve to 24, BSS reported. Cupboard division further secretary Sayeed Mahbub Khan mentioned this can make the LNG procurement course of extra aggressive.
The south Asian nation is dealing with a scarcity of fuel which has impacted energy era and industrial actions. The depreciation of the native forex in opposition to the US greenback has made it troublesome for the federal government to pay for LNG imports.
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