Bangladesh, US sign deal on energy cooperation
Bangladesh and the United States have signed a memorandum of understanding (MoU) on Strategic Cooperation in the Field of Energy aimed at enhancing Bangladesh’s long-term energy security.
Foreign Minister Khalilur Rahman and US Energy Secretary Chris Wright signed the MoU at the US Department of Energy in Washington, DC, on Thursday, according to a statement issued today by the Bangladesh Embassy in Washington, DC.
For all latest news, follow The Daily Star's Google News channel. “This MoU would contribute to the efforts of Bangladesh to enhance its long-term energy security by diversifying its energy sourcing options based on affordability and supply chain sustainability and would open up new avenues of broader energy cooperation between Bangladesh and the US,” the statement said.
The MoU will facilitate capacity building, exchange of knowledge and expertise, and studies on oil, gas, geothermal energy and bioenergy between the two countries. It will also support Bangladesh’s import of US LNG, LPG and other energy products at affordable prices.
Speaking briefly at the signing ceremony, Khalilur described the MoU as another milestone in the growing Bangladesh-US relationship.
He thanked Prime Minister Tarique Rahman and US President Donald Trump for their support behind the initiative.
Chris Wright termed the MoU a historic development in Bangladesh-US relations.
The agreement comes at a time when many countries, including Bangladesh, are facing serious challenges in ensuring energy security due to ongoing conflicts in the Middle East.
Officials of the Bangladesh Embassy and senior officials of the US Department of Energy were present at the signing ceremony.
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