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Bangladesh is now buying liquefied natural gas (LNG) at nearly three times the price it paid before the recent Middle East conflict, putting further pressure on the country’s energy import bill.
The government on Monday approved the purchase of an LNG cargo from Singapore-based Vitol Asia at $29.795 per million British thermal units (MMBtu).
The cargo is scheduled for delivery on October 27–28.
Before the US-Israeli attacks on Iran, LNG was being purchased at around $10 per MMBtu, meaning the latest price is almost three times higher.
The Cabinet Committee on Government Purchase also approved another LNG cargo from UK-based TotalEnergies Gas & Power at $28.95 per MMBtu, with delivery scheduled for October 9–10.
Meanwhile, two cargoes from US-based DARAB Inc were approved at $17 per MMBtu, while two others from Mind Mingle LLC were approved at $19 per MMBtu.
The sharp rise in LNG prices comes amid disruptions to global energy supplies caused by the ongoing conflict in the Middle East.
Bangladesh, which relies heavily on imported energy, has been securing additional LNG cargoes to maintain gas supplies and support power generation.
Earlier this month, the government also approved the import of at least 18 LNG cargoes from TotalEnergies between October 2026 and June 2027, with prices linked to the Japan Korea Marker (JKM) benchmark.
