Qatar Power has signed a long-term agreement to export liquefied natural gas (LNG) to the state-owned Petrobangla in Bangladesh.
It is the second sales deal with an Asian country after China by Qatar Energy for the North Field expansion project.
The contract provides for the supply of Bangladesh with 1.8 million tonnes per year of liquefied natural gas for 15 years, starting in January 2026.
Qatar Power is expected to sign all gas contracts related to the North Field expansion project by the end of this year.
Qatar Energy signs agreement to supply LNG to Bangladesh for 15 years #QatarEnergy #قطر pic.twitter.com/sr6IJST8Px
— QatarEnergy (@qatarenergy) June 1, 2023
The expansion is taking place in two phases, raising the country's production capacity from 77 million tonnes per year to 126 million by 2027.
Eng. Saad Sherida Al Kaabi, Qatar's Minister of State for Energy Affairs, Managing Director and CEO of Qatar Power, said: "We are proud to be the largest LNG supplier to Bangladesh and Petrobangla by a significant margin, supplying more than 3.5 million tonnes per annum of LNG from Qatar."
"These agreements underscore our continued commitment to ensuring energy security for our customers around the world, including Bangladesh, and delivering the reliable energy they need to achieve the goals of socio-economic development and prosperity."