Dhaka, Feb. 24 -- US-based Excelerate Energy has commenced long-term liquefied natural gas (LNG) supply to Bangladesh under a 15-year sales and purchase agreement (SPA).

This marks a significant step in diversifying the country's energy imports beyond its traditional Middle-Eastern suppliers.

The first cargo under the agreement, carrying around 138,000 cubic metres of LNG, recently arrived at the Moheshkhali floating storage and regasification unit (FSRU), helping ease gas shortages affecting industries, power plants and other consumers.

The cargo reached the Moheshkhali FSRU and was successfully delivered a couple of weeks ago, a senior official of Petrobangla told The Financial Express on Monday.

With this shipment, Bangladesh has b...