Bangladesh wants to import 1-1.5 million tonnes of liquefied natural gas (LNG) annually from Brunei Darussalam starting in early 2023, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.
“A 10-15-year agreement might be signed between the two countries in this regard,” he said following a bilateral meeting between Bangladesh and Brunei in Bandar Seri Begawan on Thursday.
Nasrul Hamid led the Bangladesh delegation while Deputy Minister of the Prime Minister’s Office of Brunei, Yang Mulia Dato Seri Paduka Awang Haji Matsatejo bin Sokiaw, led his country’s delegation.
At the meeting, the state minister said, Brunei has agreed to expand the areas of cooperation in the energy sector, according to a press statement issued by the ministry.
Nasrul said they also discussed importing an average of 2.10 lakh tonnes of diesel from Brunei on deferred payment and a fresh agreement will need to be signed on the matter.
According to the ministry, Bangladesh had imported over 3.25 lakh tonnes of diesel during 2014-2016 from Brunei.
But later it was not possible to import further from the Brunei-based supply company PB Trading Sendirian Berhad due to a condition that it must have its refinery. Currently, this condition has been relaxed.
In October, during the visit of Sultan Hassanal Bolkiah Mu’izzaddin Waddaulah to Bangladesh, Brunei offered to supply LNG and other petroleum products under a memorandum of understanding (MoU) signed between the two countries.