Bangladesh State Minister for Energy to QNA: We Look Forward to Greater Energy Cooperation with Qatar

HE State Minister of Power, Energy and Mineral Resources of the People's Republic of Bangladesh Nasrul Hamid Bipu affirmed that his country looks forward to greater and broader cooperation with the State of Qatar in the field of energy. In remarks to Qatar News Agency , His Excellency said: "We need more energy from Qatar and need investment in energy-related projects. Recently, Qatar has expressed a keen interest in establishing Liquified Natural Gas (LNG) infrastructure within Bangladesh, encompassing a Land Based LNG Terminal, LNG supply, and a pipeline network." "Qatar is our brotherly and friendly country. we find unwavering support from Qatar. We have a Memorandum of Understanding in cooperation in the energy sector with Qatar. On top of that, we established a long-term LNG Sale and Purchase Agreement (SPA) with Qatargas in September 2017 and ensured a steady supply of up to 2.5 million tons per annum of LNG for 15 years," He added. HE Bangladesh State Minister of Power, Energy, and Mineral Resources also pointed to the LNG Sale and Purchase Agreement signed with QatarEnergy in June 2023 to purchase up to 1.8 million tons per annum of LNG for 15 years. Bangladesh has emerged as one of the fastest-growing economies in the world, he said pointing to the rapid increase in energy demand with the growth of the per capita income. "We have done another LNG Sale and Purchase Agreement with QatarEnergy to ensure energy security promote development growth," he said. He went on saying: "We have a gap between national demand and supply. To meet the current energy gap, we are importing LNG. Parallelly, we are focusing on our offshore to extract more gas and oil. Our government works to ensure energy security and sustainable energy in Bangladesh." Praising Qatar's role in securing energy supply for his country and the world, His Excellency said: "As one of the world's largest LNG producers Qatar plays a significant role in the energy sector, and has been a reliable and uninterrupted source of LNG." Meanwhile, His Exc ellency voiced belief that Qatar can mitigate the energy crisis in light of its efforts to develop the gas industry and raise production capacity to 142 million tons annually of liquefied natural gas during the next few years. Concluding his remarks to QNA, HE State Minister of Power, Energy and Mineral Resources of the People's Republic of Bangladesh Nasrul Hamid Bipu affirmed that Qatar-Bangladesh relationship will grow in different spheres saying: "It is through collaboration, open communication, and mutual trust that we can ensure our energy security and collectively contribute to building a Smart Bangladesh." Source: Qatar News Agency