Dhaka, May 6 (UNB) - State-owned hydrocarbon corporation Petrobangla has signed a Memorandum of Understanding (MoU) with Janata Bank Limited for making payment of bill in foreign currency against import of liquefied natural gas (LNG).

The officials of the two organisations signed the deal on Sunday at Petrobangla's Board Room at Kawran Bazar in the city. 

Chairman of Petrobangla Md. Ruhul Amin presided over the ceremony while Chairman of Janata Bank Limited Luna Shamsuddoha was present as the chief guest. 

Managing Director and other high officials of Janata Bank Limited and Directors and high officials of Petrobangla were also present at the ceremony. 

Secretary of Petrobangla Syed Ashfaquzzaman and General Manager of Janata Bank Limited Md. Mubarak Hossain signed the MoU on behalf of their respective organizations. 

Mentionable, Petrobangla has already signed two long term LNG sales and purchase agreement (SPA) with Ras Gas of Qatar and Oman Trading International (OTI) to meet up the country's energy demand.