Executive Overview
Comprehensive intelligence on Bangladesh's LNG import framework
🚨 Critical Distinction
FSRUs are infrastructure, NOT LNG purchasers. They do not sign supply contracts, set prices, or take title to cargo. See details →
🎯 Three Critical Questions
🔄 LNG Supply Chain
📊 Supply Pathways
🏛️ Key Entities
| Entity | Buys LNG? | Signs MSPA? | Sets Price? | Role |
|---|---|---|---|---|
| Petrobangla | YES | YES | YES | Buyer & Signatory |
| RPGCL | Via PB | As Rep | NO | Operating Arm |
| FSRU Operators | NO | NO | NO | Infrastructure ONLY |
| BERC | NO | NO | Tariffs | Regulator |
📈 Market Outlook 2025-2026 Industry Sources 2025
Import Volumes
| 2024 | ~6 million tonnes |
| 2025 | 7.16-7.41 million tonnes (+19% YoY) |
| 2026 Forecast | ~115 cargoes (~9 million tonnes) |
2026 Cargo Breakdown
- Long-term: 86 cargoes (~6.7mn t) — up 54%
- Short-term: 12 cargoes
- Spot: 17 cargoes
Recent Pricing
- Spot average (2025): $13.38/MMBtu
- G2G (Aramco 2026): JKM + $0.145/MMBtu
Active G2G & Term Deals
- QatarEnergy: 1.5mn t/yr (2026-2040) + prior deal 1.8-2.5mn t/yr
- Aramco Trading Singapore: 5 cargoes (2026)
- OQ Trading (Oman): Aug 2025-Dec 2026, 1 cargo/month, 17 total
Demand Outlook
- Current supply: ~3,800 mmcfd
- 2030 forecast: 6,240 mmcfd
- Major supply gap expected