Bangladesh, July 16 -- Bangladesh's long-term LNG supply plans have suffered another setback as US-based Excelerate Energy joined QatarEnergy in halving contracted deliveries for 2026, forcing the country to rely more heavily on costly spot purchases.

The US company has informed state-run Petrobangla that it will be unable to supply the remaining half of its contracted LNG cargoes this year.

As a result, it is expected to deliver only six cargoes over the next six months until December 2026, instead of the 12 cargoes stipulated under the contract, a senior Petrobangla official told The Financial Express on Wednesday.

Excelerate Energy supplied only two LNG cargoes this year before suspending deliveries.

The official said the company ...