QatarEnergy and Excelerate Energy Sign Long-Term LNG Sale and Purchase Agreement to Meet Energy Needs.
The supply of LNG from Qatar to Bangladesh will be made through a long-term contract signed between QatarEnergy and Excelerate Energy, ensuring a continuous supply of liquefied natural gas to the Asian country.
With the LNG supply contract in effect, Excelerate commits to purchasing up to 1 million tons per year (MTPA) of liquefied natural gas from QatarEnergy, which will be delivered at floating storage and regasification units in Bangladesh. This liquefied natural gas contract will last for 15 years and is set to start in January 2026, strengthening commercial ties between Qatar and Bangladesh.
Extension of the LNG Supply Agreement
We are very pleased to enter into this contract with Excelerate for the supply of up to one million two hundred thousand tons per year of LNG to Bangladesh. This new contract will further solidify our partnership with Excelerate while supporting the energy needs of the People’s Republic of Bangladesh and its progress towards greater economic development‘, stated Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, Chairman and CEO of QatarEnergy.
-
Oil production grows in Rio, but reserve replacement raises a warning sign
-
Petrobras is expected to complete the drilling of the Morpho well in the Foz do Amazonas in August 2026, the first well in the Equatorial Margin, an oil frontier that the ANP estimates at more than 30 billion barrels and could redraw the map of Brazil.
-
Oil returns to the center of concerns with tension between the US and Iran
-
IEA reduces forecast for global oil demand in 2026 after impacts of the Middle East crisis
Qatar maintains its position as the leading LNG supplier to Bangladesh and seeks to continue being the preferred LNG supplier in South Asian LNG markets.
Energy LNG Middle East Industry News Activity Asia Gas
