Argent LNG, developing a 25 MTPA LNG facility in Louisiana, signed a non-binding agreement with Bangladesh to supply up to 5 million metric tons of LNG annually. If completed, the project could supply LNG to Bangladesh’s state-owned Petrobangla. The agreement ensures reliable energy for Bangladesh’s industries, despite its price sensitivity, as seen in its return to coal during 2022’s LNG price spikes due to the Russia-Ukraine war.
Argent LNG, which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to purchase up to 5 million metric tons of liquefied natural gas (LNG) annually, the company said in a statement on Friday.
Following Donald Trump’s inauguration as U.S. President, Bangladesh has signed a non-binding agreement with Argent LNG, a U.S. liquefied natural gas (LNG) supplier. Under this agreement, Argent LNG will supply Bangladesh with 5 million metric tons of LNG annually. The company announced this in a statement on Friday (January 24), according to Reuters.
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