Bangladesh on Monday invited Malaysian companies to invest in Bangladesh’s energy sector including in exploration of oil and gas in the Bay of Bengal, extraction of untapped minerals like coal, limestone including renewable energy transition, said the Ministry of Foreign Affairs.
The two countries emphasised the importance of fully leveraging the agreed MoU between Bangladesh and Malaysia governments on co-operation in the field of Liquefied Natural Gas (LNG) supply, LNG infrastructure, petroleum products, and its infrastructure for direct bilateral LNG discussion between PETRONAS and PetroBangla, according to a joint statement shared by the Ministry.
Both sides also encouraged cooperation between relevant national energy companies and private sector stakeholders to promote long-term, mutually beneficial partnerships that contribute to energy security, sustainability, and economic development in both countries.