B Mirror Report:  The government is set to import an additional 16 cargoes of liquefied natural gas (LNG) over the current and upcoming months, while officials say there is currently no shortage in LNG supply.

According to relevant sources, the country’s fuel reserves remain sufficient, and regular LNG imports are continuing. Preparations are also underway to procure LNG from alternative sources to ensure uninterrupted gas supply.

Engr. Md. Rafiqul Islam, Director (Operation & Mines) of Petrobangla and a board member, told BSS that nine LNG cargoes are being imported in April, of which four have already arrived in the country.

He added that, as part of the ongoing procurement plan, 11 cargoes are scheduled for import in May. So far, seven have been confirmed, while the process of acquiring the remaining four is in progress.

Sources from the Rupantarita Prakritik Gas Company Limited (RPGCL), a subsidiary of Petrobangla, said that nine LNG cargoes are scheduled for this month, with four already delivered. These include supplies from Australia, the United States, and Angola. Of the remaining shipments, additional cargoes are expected from the same sources.

For May, seven cargoes have already been secured five from the spot market and two under long-term agreements.

Officials said the government has increased LNG imports due to declining domestic gas production. Subsidies are being provided to maintain uninterrupted supply and avoid any potential energy disruption.

Energy experts noted that Bangladesh’s growing dependence on imported LNG is driven by falling local gas output, while volatility in the global market continues to push up costs and pressure the economy.

Dhaka University Geology Department Honorary Professor and energy expert Dr. Badrul Imam said global instability has increased LNG prices, creating financial strain for import-dependent countries.

He added that price relief would depend on global market conditions, otherwise pressure on the economy is likely to continue.

Dr. Imam also suggested diversifying LNG import sources, recommending countries such as Indonesia and Malaysia alongside traditional suppliers like the United States and Australia, citing geographical proximity and strong bilateral relations as advantages.