Bangladesh, Aug. 2 -- Bangladesh's efforts to secure much-needed liquefied natural gas (LNG) have become increasingly difficult as global prices surge and long-term suppliers continue to suspend scheduled cargo deliveries, forcing the country to rely on significantly more expensive spot market imports.

The country managed to award only two spot LNG cargoes out of its last five procurement attempts after issuing tenders and re-tenders for deliveries within similar timeframes, as global suppliers quoted prices well above expectations, a senior official of state-run Petrobangla told The Financial Express.

To maintain the country's overall natural gas supply, Petrobangla purchased its latest spot LNG cargoes at US$22.35 per million British ...