Dhaka, March 4 -- With tensions in the Middle East threatening shipments, Prime Minister Tarique Rahman has directed authorities to prepare for purchasing liquefied natural gas (LNG) from the spot market with possible supply disruptions through the Strait of Hormuz looming.
The Hormuz situation has raised concerns over LNG shipments under Bangladesh's long-term contract with Qatar.
Bangladesh requires at least eight LNG cargoes in March to meet domestic demand.
Given the evolving situation, discussions have begun on importing additional cargoes from the spot market, with Tarique later issued directives.
The Bangladesh Bank has also been asked to remain prepared to supply the necessary foreign currency to ensure swift payment of energy...
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