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Bangladesh Seeks More LNG Cargoes Amid Iran War

Bloomberg Markets •
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Bangladesh is seeking additional liquefied natural gas cargoes as the Iran war continues to disrupt flows through key supply routes. State-owned Rupantarita Prakritik Gas is seeking three shipments for delivery in September, following a recent tender for five cargoes. The South Asian country previously sourced more than 60% of its LNG from regional suppliers last year, according to ship-tracking data compiled by Bloomberg.

The ongoing conflict has heightened energy security concerns across South Asia, prompting Bangladesh to diversify its procurement strategy. The new tender reflects the country's efforts to secure adequate supplies amid volatile global LNG markets and geopolitical uncertainty.

Industry analysts note that Bangladesh's increased buying activity could signal tighter demand in the region, potentially impacting spot prices. The country's energy ministry has been actively pursuing long-term contracts while also engaging in spot market purchases to meet rising domestic consumption.

Rupantarita Prakritik Gas continues to evaluate multiple supplier options, with delivery timelines extending into the final quarter of the year.