Bangladesh and the United States have taken a big step forward by signing an agreement for Bangladesh to buy liquefied natural gas (LNG) from a new export terminal in Louisiana. This deal, made between the Bangladeshi government and the US company Argent LNG, will allow for the supply of up to 5 million metric tons of LNG each year. This partnership is important for both countries as it strengthens their energy relationship and helps meet Bangladesh’s increasing energy needs, which is vital for its industrial growth.
The agreement was signed during a ceremony in Washington, D.C. on January 24, 2025, by Ashik Chowdhury, the head of the Bangladesh Investment Development Authority, and Jonathan Bass, the CEO of Argent LNG. Both leaders highlighted the benefits of this partnership, noting how important a reliable energy supply is for Bangladesh and the strengthening of economic ties with the US.
Argent LNG plans to build the Port Fourchon terminal in Louisiana, which will initially have the capacity to process 10 million metric tons of LNG per year, with plans to expand in the future. The project is expected to start operations around 2029-2030, and the company intends to be environmentally friendly by using wind energy for its operations.
This agreement not only supports Bangladesh’s energy needs but also helps establish Louisiana as a major center for LNG exports. It is expected to drive economic growth and enhance global energy security.
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