Oil & Energy

Payment of LNG bill Petrobangla signs deal with JBL

Published : 11 May 2019 05:53 PM | Updated : 02 Sep 2020 09:52 AM

State-owned Petrobangla has signed a Memorandum of Understanding (MoU) with Janata Bank Limited (JBL) for making payment of bill for liquefied natural gas (LNG) importation in foreign currency (US Dollar).

The officials of the two organisations signed the deal recently at Petrobangla's Board Room at Kawran Bazar in the capital. 

Chairman of Petrobangla Md Ruhul Amin presided over the ceremony while Chairman of Janata Bank Limited Luna Shamsuddoha was present as chief guest.

It was also attended by Managing Director along with high officials of Janata Bank Limited and Directors along with high officials of Petrobangla were also present at the ceremony.

Secretary of Petrobangla Syed Ashfaquzzaman and General Manager of Janata Bank Limited Md. Mubarak Hossain signed the MoU on behalf of their respective organizations.

Mentionable, Petrobangla has already signed two long term LNG sales and purchase agreement (SPA) with RasGas of Qatar and Oman Trading International (OTI) to meet up the country's energy demand.