Bangladesh, Brunei sign LNG pact
Bangladesh and Brunei have agreed to collaborate in the energy sector, particularly in the supply of LNG to the south Asian nation, Bangladesh Sangbad Sangstha, the country's national news agency reported on October 16.
This was stated in a joint statement between Bangladesh and Brunei Darussalam on the state visit of Brunei Darussalam Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah to Bangladesh.
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Reuters in July reported that Bangladesh will not buy LNG on the spot market in the coming months due to a steep rise in prices. Elevated prices are having an impact on the country’s energy sector as natural gas accounts for nearly three-quarters of the country’s power generation, Reuters said.
Bangladesh has been forced to take a series of measures, including nationwide daily one-hour load-shedding.