Oman’s OQ Trading has signed a new long-term LNG deal with Bangladesh state-owned Petrobangla to supply up to 1.5 million tonnes per annum of LNG from 2026.
Under the new government-to-government deal, state-owned OQ will supply at least four LNG cargoes to Bangladesh starting in 2026, further increasing supplies to 16 cargoes in both 2027 and 2028, and 24 cargoes per year from 2029 to 2035, according to media reports.
The OQ-Petrobangla agreement marks the second long-term LNG deal between the two state-owned players.
The Omani company has been supplying 1 million tpa of LNG to Bangladesh through a 10-year deal signed in 2018.
The latest LNG deal involves gas supplies ranging from 0.25 million tpa to up to 1.5 million tpa, gradually scaling up volumes to be delivered from 2026 until 2035.