Saturday, 23 September 2023 02:11 GMT

Qatarenergy Signs 15-Year Gas Deal With Bangladesh Firm

(MENAFN- The Peninsula) AFP

Doha, Qatar: QatarEnergy signed a 15-year deal on Thursday to supply liquefied natural gas to Bangladesh's state-owned gas company Petrobangla.

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The state-owned hydrocarbon giant will supply 1.5 million tonnes annually starting in January 2026, the Qatar firm said during at the signing ceremony in Doha.

"It can reach up to 1.8" million tonnes annually under the contractual arrangement, said Qatar's Energy Minister HE Saad Sherida al-Kaabi, who is also QatarEnergy's chief.

He said the gas could come from the North Field project which holds the world's biggest natural gas reserves and extends beneath the Gulf into Iranian territory.

Qatar is one of the world's top LNG producers alongside the United States, Australia and Russia.


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