Bangladesh signs LNG deal with US firm

Published at : 25 January 2025, 06:44 pm
Bangladesh signs LNG deal with US firm
Photo: Collected

Bangladesh has signed a non-binding agreement with a US firm, Argent LNG, to purchase up to 5 million metric tonnes of liquefied natural gas (LNG) annually, the company said in a statement on Friday.

This is the first major US LNG supply deal since President Donald Trump took office on Monday, and according to the parties, reflects industry confidence in the new administration's pro-energy policies, reports Reuters.

Since coming to power Trump has taken executive action to end the Department of Energy's pause on licenses to export the super-chilled gas to countries that do not have free trade agreements with the United States, as he tries to increase US exports of LNG. 

The United States is already the largest exporter of LNG in the world and is expected to double its capacity by 2028, according to the US Energy Information Agency.

If the Argent LNG project in Port Fourchon is completed, its cargoes could be sold to Petrobangla, a Bangladesh state-owned company, according to the agreement.

"This agreement not only ensures a reliable energy supply for Bangladesh’s expanding industrial base but also strengthens our strategic partnership with the United States," said Ashik Chowdhury, executive chairman of the Bangladesh Investment Development Authority.

Bangladesh has been seeking long-term solutions to its energy demands and has been trying to move toward increased use of LNG. 

But the country is also price sensitive and in 2022, as LNG prices spiked due to Russia's invasion of Ukraine, it reverted to burning cheaper coal.

 

MSH

PM reaches Washington DC from New York

Published at : 24 September 2023, 02:30 pm
PM reaches Washington DC from New York
File photo

Prime Minister Sheikh Hasina arrived in Washington DC, the USA capital city, this afternoon after joining the 78th United Nations General Assembly (UNGA) session and other high-level side and bilateral events in New York.

 

She reached Washington DC from New York by road at 6pm.

On her arrival in Washington DC, Bangladesh Ambassador to the USA Muhammad Imran received the premier with a flower bouquet, reports BSS.

Earlier, she left her Place of Residence, Lotte New York for Washington DC at 12:30pm.

She arrived in New York on September 17.

The prime minister will leave Washington DC for London, the capital city of the United Kingdom, on September 29.

She will stay in London till October 3.

After wrapping up her visit, the prime minister will leave London for home and scheduled to reach Dhaka on October 4.

 

Bangladesh-US Ticfa meeting begins in Dhaka

Published at : 20 September 2023, 02:41 pm
Bangladesh-US Ticfa meeting begins in Dhaka

Bangladesh-US Ticfa meeting begins in Dhaka Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Bangladesh-US Ticfa meeting begins in Dhaka Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Bangladesh-US Ticfa meeting begins in Dhaka Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Bangladesh-US Ticfa meeting begins in Dhaka Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Bangladesh-US Ticfa meeting begins in Dhaka Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Bangladesh-US Ticfa meeting begins in Dhaka Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police.

Deal to ease trade in taka-rupee to be signed as Hasina

Published at : 08 September 2023, 01:43 am
Deal to ease trade in taka-rupee to be signed as Hasina

"An MoU will be signed between the National Payments Corporation of India and the Bangladesh Bank to make transactions in rupees and taka between Bangladesh and India easier," said the foreign minister in a press conference at the Foreign Service Academy in the capital on Thursday.

Besides, the neighbouring countries are likely to sign two more memorandums of understanding regarding cooperation in agricultural researches, and extension of the existing cultural exchange programme for two years, said the foreign minister.

Fair Technology launches car exchange programme

Published at : 07 September 2023, 02:29 pm
Fair Technology launches car exchange programme

Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police. Additional Inspector General of police (IGP) Habibur Rahman has been made the new commissioner of Dhaka Metropolitan Police.