Texas-based Excelerate Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla).
Unveiled today (8th Nov), the deal will see Petrobangla purchase 0.85 to 1.0 million tonnes per annum (mtpa) of LNG from Excelerate over a 15-year period, beginning January 2026.
Excelerate will deliver 0.85mtpa of LNG in 2026 and 2027 and 1mtpa from 2028 to 2040.
Steven Kobos, President and CEO of Excelerate, described Bangladesh as one of the most dynamic LNG markets in the world and says he looks forward to partnering with Petrobangla.
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