Bangladesh-Singapore partnership in LNG procurement: balancing short-term flexibility with long-term stability

The LNG procurement landscape is evolving, with a shift towards shorter-term contracts driven by increased competition on in mature ports and regions. Bangladesh currently receives 56 LNG cargoes annually from Oman and Qatar under long-term contracts, although the existing capacity of the two LNG terminals allows for the processing of 58 more cargoes per year. However, recent years have seen limited spot market purchases due to pricing concerns. This year, a minimum of 48 LNG cargoes are slated for procurement outside long-term contracts, with at least 25 LNG cargoes required from long-term contracts by next June…