From The Rio Times · Samuel Ncube · · 1m 40s
Algeria Signs Bangladesh Gas Pact
Algeria and Bangladesh sign gas and fertilizer deal to diversify energy sources.
In brief
Algeria and Bangladesh sign gas and fertilizer deal to diversify energy sources. Algeria signed a Bangladesh gas pact on 20 October 2026, covering oil, gas, LNG and fertilizers like urea, with no volume or price set. Originally reported by The Rio Times.
Algeria Signs Bangladesh Gas Pact
Algeria signed a Bangladesh gas pact on Tuesday 20 October 2026, a memorandum of understanding on oil, gas and fertilizer cooperation.
Signatories
Mohamed Arkab, Algeria’s Minister of State and Minister of Hydrocarbons, and Iqbal Hassan Mahmood, Bangladesh’s minister of power, energy and mineral resources signed the pact.
What the Pact Covers
The pact covers possible supply of crude oil, refined fuels, liquefied petroleum gas, LNG and fertilizers like urea.
How It Works
A joint steering committee will set priorities, review projects and coordinate between the two governments and their energy companies.
Why Now
Bangladesh seeks new gas sources after disruptions to some LNG supplies, while Algeria’s LNG exports fell 6.5% in early 2026.
Still Open
No volume, price or start date has been announced, and the pact binds neither side to a purchase.
Why Bangladesh Wants Algerian Gas
Bangladesh imports much of its gas as LNG and wants to diversify after disruptions to traditional LNG imports.
What Algeria Gains
Algeria exported 4.47 million tonnes of LNG in the first half of 2026, down 6.5% from 4.78 million tonnes, with most going to Europe.
What It Means for US Readers
Algerian LNG going to Asia shifts from Europe, tightening supply and lifting gas prices for US farmers and energy markets.
What Is Not Known
No volume, price, contract length or first delivery date has been announced for LNG or urea.
The one thing
Algeria signed a Bangladesh gas pact on 20 October 2026, covering oil, gas, LNG and fertilizers like urea, with no volume or price set.
