Govt Inks Long-Term LNG Deal with Summit Group for 15 Years

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.

amuna Oil Company reported a 56% year-on-year profit increase to Tk 140.58 crore in Q3 of FY2024-25, driven by higher petroleum sales and increased interest income from deposits. Earnings per share (EPS) for January–March 2025 rose to Tk 12.73 from Tk 8.14 in the same quarter last year, while EPS for July 2024–March 2025 reached Tk 36.65, up from Tk 26.60.

Experts at a recent seminar emphasized Bangladesh’s urgent need for a long-term financing roadmap to expand renewable energy and achieve net-zero carbon emissions by 2050. They highlighted the necessity for monetary policies that encourage commercial lenders to invest in renewables.

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.