<p>Bangladesh is cancelling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.</p>.<p>The offer from the Asian unit of Vitol to supply 138,000 cubic metres of LNG for Dec. 9-10 delivery was more than $2 per unit higher than the prices that Bangladesh pays under long-term contracts, said Anisur Rahman, senior secretary to the Energy and Mineral Resources Division.</p>.<p>State-run Rupantarita Prakritik Gas Company, which is in charge of LNG imports into the country, cancelled a tender for November delivery, citing the same reason.</p>.<p>"From December, we have a plan to import two cargoes of LNG from the spot markets each month," Rahman said, adding that both the tenders would be reissued.</p>.<p>Under its long-term deals with Oman Trading International and Qatar gas, Bangladesh pays about $5.50 to $6 per million British thermal units (mmBtu).</p>.<p>Rupantarita bought Bangladesh's first spot LNG cargo ever from Vitol at $3.8321 per mmBtu for delivery over late September to early October.</p>.<p>However, prices for spot cargoes, or shipments typically for next month delivery, are gaining on expectations that colder weather during the Northern Hemisphere winter will increase LNG demand for heating.</p>.<p>Spot LNG prices for Asia were estimated at $5.80 per mmBtu as of last Friday, their highest in more than 11 months.</p>.<p>Bangladesh, with a population of about 160 million people, is set to become a major LNG importer in Asia as domestic gas supplies fall.</p>.<p>The country currently has two floating storage and regasification units with a total regasification capacity of 1 billion cubic feet per day, equal to about 7.5 million tonnes a year.</p>
<p>Bangladesh is cancelling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.</p>.<p>The offer from the Asian unit of Vitol to supply 138,000 cubic metres of LNG for Dec. 9-10 delivery was more than $2 per unit higher than the prices that Bangladesh pays under long-term contracts, said Anisur Rahman, senior secretary to the Energy and Mineral Resources Division.</p>.<p>State-run Rupantarita Prakritik Gas Company, which is in charge of LNG imports into the country, cancelled a tender for November delivery, citing the same reason.</p>.<p>"From December, we have a plan to import two cargoes of LNG from the spot markets each month," Rahman said, adding that both the tenders would be reissued.</p>.<p>Under its long-term deals with Oman Trading International and Qatar gas, Bangladesh pays about $5.50 to $6 per million British thermal units (mmBtu).</p>.<p>Rupantarita bought Bangladesh's first spot LNG cargo ever from Vitol at $3.8321 per mmBtu for delivery over late September to early October.</p>.<p>However, prices for spot cargoes, or shipments typically for next month delivery, are gaining on expectations that colder weather during the Northern Hemisphere winter will increase LNG demand for heating.</p>.<p>Spot LNG prices for Asia were estimated at $5.80 per mmBtu as of last Friday, their highest in more than 11 months.</p>.<p>Bangladesh, with a population of about 160 million people, is set to become a major LNG importer in Asia as domestic gas supplies fall.</p>.<p>The country currently has two floating storage and regasification units with a total regasification capacity of 1 billion cubic feet per day, equal to about 7.5 million tonnes a year.</p>