An agreement signed with Malaysia on LNG supply
Sunbd Desk || Published: 2021-07-13 14:33:24 || Updated: 2021-07-13 14:33:24
Bangladesh and Malaysia have signed a Memorandum of Understanding (MoU) on the supply of liquefied natural gas (LNG). The agreement was virtually signed on Tuesday (July 13).
The agreement was signed by Dato ‘Shri Mostafa Mohammad, Minister of the Prime Minister’s Office (Economy) on behalf of Malaysia and Nasrul Hamid, Minister of State for Power, Energy and Mineral Resources on behalf of Bangladesh.
According to the MoU, Petronas LNG Limited and Global LNG SDN BHD will be responsible for Malaysia and Bangladesh Oil, Gas and Minerals Corporation (Petrobangla) will be responsible for LNG supply for Bangladesh.
This information has been given in the press release of the Ministry of Power, Energy and Mineral Resources.
It said Bangladesh’s Oil, Gas and Minerals Corporation (Petrobangla) and Malaysia’s Petronas LNG Limited and Global LNG SDN would jointly finalize the terms of trade and take further action. In non-binding, the term of the MoU will be initially 2 years. The term can be extended with the consent of both parties.
The Minister of State for Power, Energy and Mineral Resources said the share of clean and green fuels in sustainable energy blends is steadily increasing. Renewable energy will also make a significant contribution to this energy mix.
- Perpetrators deliberately tarnish country’s image: PM
- Singapore removes Bangladesh from travel restriction list
- Putin will not attend COP26 climate summit
- Stop excessiveness over religion: PM urges all
- PM for stern action over attack on Hindu community
- BNP fuelling to stage communal riots across country: Quader
- PM urges people’s vigilance against 1975-like carnage
- Oman thrash PNG in T20 WC opener
- Rohingyas, stranded Pakistanis exerting economic pressure on Bangladesh: PM
- World’s largest eco-tourism project, TRDSC, to takeover its neighbor: CEO
- American Express joins Amazon network to benefit KSA cardholders
- Dubai’s DP World to invest $414.8m in London Gateway port
- Bangladesh-Australia agreement signed to boost trade and investment
- Gold imports in india increased by 200 percent
- Aluminium prices risen to 13-years high
- World’s largest defense and security show kicks off in London
- Tk 3 thousand crore new incentives for farmers