Bangladesh's independent anti-corruption body with authority to investigate and prosecute corruption in public procurement.

Independent regulatory body. Sets tariffs, issues licenses. Does NOT purchase LNG.

Oversees public procurement rules. Publishes tender notices. Does NOT purchase LNG.

Highest approval authority for major economic decisions. Approves G2G and large contracts.

Former name of BPPA. References in older documents = BPPA.

Incoterm where seller delivers to buyer's port. For Bangladesh: delivery to FSRU.

Division within MPEMR responsible for energy policy including LNG/RLNG imports.

Initial procurement stage. RPGCL issues EOIs inviting price offers.

CRITICAL: Infrastructure that receives, stores, and regasifies LNG. Does NOT buy LNG, sign MSPAs, or set prices.

Supply arrangement between sovereign entities. Bypasses PPR. Requires Cabinet approval.

Non-binding preliminary agreement. Does NOT create supply obligation.

Primary spot LNG price index for Asia-Pacific. Bangladesh spot typically priced as JKM + slope.

Natural gas cooled to -162°C for shipping. Bangladesh imports ~7-8 MTPA via FSRUs.

Non-binding document expressing intent. Not a binding contract.

Bangladesh ministry with energy sector oversight. Does NOT directly purchase LNG.

Framework contract between Petrobangla and supplier. Full text not public.

Standard unit for LNG volume. Bangladesh imports ~7-8 MTPA.

THE BUYER of LNG. State-owned corporation with statutory authority. Signs MSPAs.

Regulations implementing Procurement Act. Governs LNG spot tenders.

LNG converted back to gas at FSRU. Policy allows private RLNG imports.

Petrobangla subsidiary for LNG. Runs tenders. Cannot amend MSPA without Petrobangla.

Bank guarantee for credit support. Track B suppliers reportedly need 50% SBLC.

Binding LNG contract. Long-term = multi-year. Petrobangla is signatory.

Contract between terminal operator and user. Governs regasification, not LNG purchase.

U.S. interest rate benchmark that replaced LIBOR. Used in MSPA for late payment interest (SOFR + 3%).

Document issued under MSPA framework for each individual LNG cargo. In case of conflict with MSPA, Confirmation Notice controls on cargo-specific matters.

Designated arbitration venue for MSPA disputes. Final stage of dispute resolution after discussion, senior officer, and expert determination tiers.

Contractually permitted time for LNG vessel to discharge cargo at FSRU. Exceeding laytime triggers demurrage charges.

If Buyer fails to take cargo (Take-or-Pay situation), Seller may resell the cargo to third party to mitigate losses. Buyer compensates for any price difference.