spot-market

Both floating terminals for LNG regasification are operational. However, gas supply is not increasing because LNG carrying vessels are not arriving according to schedule. Unless at least 11 to 12 LNG carrying vessels reach the two terminals in Maheshkhali each month, there is little prospect of an improvement in the supply situation. Currently, only 5 to 6 vessels arrive there each month. As a result, against the two terminals’ combined capacity of 1,100 million cubic feet, an average of a...

Finally, there is good news regarding the supply of liquefied natural gas (LNG). An LNG carrier has arrived for the floating terminal operated by US company Excelerate Energy. The LNG carrier Flex Courageous berthed at the floating terminal in Maheshkhali at 1:30 pm on Saturday. The vessel carrying LNG purchased from the international spot market arrived from Cameron Port in the United States. LNG supply through Excelerate Energy’s terminal is scheduled to begin at around 9:30 pm. Offici...