Qatar Petroleum entered into a long term Sale and Purchase Agreement (SPA) with Vitol for the supply of 1.25 million tons per annum of LNG to Vitol, Bangladesh.
Qatar , Qatar
23 February 2021, 12:00 AM
31 March 2021, 12:00 AM
Qatar Petroleum has signed a long-term agreement with Vitol, under which it would supply 1.25 million tonnes of liquefied natural gas annually to Vitol customers in Bangladesh.
Under the agreement, LNG deliveries will start later this year, QP said in a statement on Monday.
This further demonstrated Qatar’s continued commitment to meeting the growing needs of its customers for reliable LNG supplies, the statement added.
Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, welcomed the signing of the agreement and said, “We are pleased to sign this SPA with Vitol, and we look forward to commencing deliveries under the SPA to further contribute to meeting Bangladesh’s energy requirements.”
Bangladesh, with a population of 163 million, is expected to become a major LNG importer in Asia, along with Pakistan and India, as domestic gas supplies fall.