Govt Approves Four Cargoes of LNG For Procurement

North West Power Generation Company Ltd (NWPGCL) is set to boost Bangladesh's clean energy capacity by developing two new solar power plants with a combined output of 140 megawatts. The 80MW Padma Solar Power Plant will be located in Shariatpur and Madaripur

The government of Bangladesh has approved the purchase of two LNG cargoes from Singapore's Vitol Asia Ltd through the spot market, with a total expenditure of Tk 1,104.41 crore—one cargo costing Tk 549.09 crore and the other Tk 555.32 crore.

Qatar has agreed to renew a previously expired MoU with Bangladesh for liquefied natural gas (LNG) supply and advance discussions on a land-based LNG terminal in Cox’s Bazar. Under the existing SPA signed in 2017, Bangladesh imports 1.5–2.5 million tonnes per annum (MTPA) of LNG for 15 years, with a second SPA signed in June 2023 for an additional 1.5 MTPA starting in January 2026.

Between August 2024 and mid-April 2025, outstanding dues in Bangladesh’s gas sector dropped by 68%, from $750 million to $240 million, due to an aggressive repayment push by the interim government. Over $500 million was cleared in just six weeks, with $180 million disbursed between April 7–16 alone.

n just seven months, Bangladesh’s interim government has slashed foreign dues in the power and energy sector by 75%, from $3.2 billion to $800 million, addressing nearly three years of unpaid bills. A major beneficiary is US-based Chevron, which supplies over 50% of the country’s domestic gas (1,108.6 MMCFD out of 1,873.5 MMCFD).

Bangladesh reduced its overdue payments to private furnace oil-fired power plants by 30%, from Tk 100 billion in January to around Tk 70 billion by April 2025. This was driven by decreased electricity purchases from high sulphur fuel oil (HSFO)-based plants—now only 20% of total generation, down from 50%—and accelerated payments by the Bangladesh Power Development Board (BPDB).