Argent LNG LLC signed a heads of agreement (HoA) with the Government of Bangladesh for supply of up to 5 million tonnes/year (tpy) of LNG.
Argent LNG aims to build and operate a mid-sized onshore LNG export project with up to 12 LNG trains with a combined capacity of 25 million tpy.
The Bangladesh Investment Development Authority (BIDA), in a release Jan. 25, said US President Donald Trump’s energy mandate, promoting the exploration and export of US energy resources, provided the foundation for the historic agreement.
“[State-owned] Petrobangla has been seeking long-term solutions to the rising demand for energy in Bangladesh. This agreement not only ensures a reliable energy supply for Bangladesh’s expanding industrial base but also strengthens our strategic partnership with the United States,” said Ashik Chowdhury, executive chairman of BIDA.
Jonathan Bass, chairman and chief executive officer of Argent LNG, said the HoA “paves the way for the United States to supply reliable baseload energy to Bangladesh, enabling the country to expand its ability to grow…and underscores our shared commitment to fostering bilateral and equitable trade, supporting supply chain securitization, and deepening ties between our two nations.”
In June 2024, Argent LNG signed a long-term lease agreement with the Greater Lafourche Port Commission, securing 144 acres of land at Port Fourchon, La., for the project (OGJ Online, June 25, 2024).
Last year, Argent said it anticipated receiving final FERC authorization in 2026, with a project launch slated for fourth-quarter 2029.
