Bangladesh is looking for potential LNG suppliers as part of a new enlistment procedure

Bangladesh has invited companies to sign up for a contract that will supply liquefied gas on a temporary basis.

On Sunday, Rupantarita Prakritik Gas Company Ltd. (RPGCL), an entity of Petrobangla owned by the state, posted a call for enlistment to its website. The application deadline is December 1.

Bangladesh has 23 companies on its shortlist from which to choose LNG suppliers for the spot tendering process.

According to two sources, this process aims to increase transparency and to raise the number potential suppliers in Bangladesh. It also aims to improve the spot-purchase process.

The open tender is designed to increase the number of suppliers and ensure transparency in the selection process. The previous list of 23 suppliers, once finalised, will be cancelled, said one of our sources, an official from Petrobangla.

This move will attract more reputable companies to Bangladesh to supply LNG from the global spot markets, increasing competition and ensuring that the country has a reliable source of energy.

To increase transparency, Bangladesh switched from a closed to an open process for the procurement of spot cargo in September.

RPGCL cancelled in October a shortlisting for the development of a land-based import terminal at Matarbari, in the southeast region of Cox's Bazar. It also terminated an agreement with domestic conglomerate Summit Group to build a floating LNG facility. Reporting by Emily Chow and Ruma in Dhaka. Editing by Varun K.

(source: Reuters)