Crude Oil
Bangladesh's Petrobangla cancels LNG spot cargo shipments, sources say
Bangladesh's Petrobangla has cancelled some spot melted gas imports after among the nation's two import terminals was harmed during a cyclone, leaving it unable to get shipments, 2 industry sources stated on Tuesday. The state-owned group is entrusted with importing LNG for Bangladesh, which depends on the fuel to fulfill power demand for its population of more than 170 million people. Top LNG, the operator of the damaged terminal, told Petrobangla that it had actually stated force majeure on LNG shipments after its terminal was damaged, among the sources included. In late May, Summit LNG paused operations at its drifting...