After clearing all dues on 30 April, Bangladesh has been making regular payments to different International oil, gas, and LNG suppliers from 1 May.
The country's energy bills had been piling up since the breaking out of the Russia-Ukraine war in 2022.
Sector insiders and economists attributed this development mainly to the availability of dollars in the market, coupled with lower liquefied natural gas (LNG) prices in the international markets which helped ease pressure on dollars.
In 27 days starting from 1 May, Bangladesh Oil, Gas and Mineral Corporation, Petrobangla, made $426.45 million in regular payments to its suppliers.
Petrobangla said that, after clearing all dues on 30 April, no bill has remained unpaid.
Bangladesh had been struggling to pay due gas bills to different international oil companies (IOC), LNG suppliers and and LNG regasification companies since the Russia-Ukraine war broke out in 2022 and at one stage, dues of Petrobangla hit as high as more than $1.0 billion.
