Bangladesh and the United States have signed a strategic Memorandum of Understanding (MoU) in the energy sector.
The agreement was signed on the morning of May 14 (U.S. time) at the U.S. Department of Energy in Washington, D.C. U.S. Energy Secretary Chris Wright signed on behalf of the United States, while Foreign Minister Dr. Khalilur Rahman signed on behalf of Bangladesh.
Under the agreement, Bangladesh will import energy products worth one billion U.S. dollars annually from the United States.
According to sources at the Ministry of Foreign Affairs, Bangladesh will import U.S. LNG, LPG, and other energy products under the deal.
The agreement also includes cooperation in sectors such as oil, gas, geothermal energy, and bioenergy, with both countries set to exchange knowledge and expertise and conduct research initiatives.
Foreign Minister Dr. Khalilur Rahman described the MoU as a significant milestone in Bangladesh-U.S. bilateral relations. He thanked Bangladesh Prime Minister Tarique Rahman and U.S. President Donald Trump for supporting the initiative.
U.S. Energy Secretary Chris Wright described the agreement as a “historic advancement” in relations between the two countries.
Both sides expressed hope that the agreement would help Bangladesh more effectively address energy shortages in its industrial and power sectors in the coming years.
Officials from the Bangladesh Embassy in Washington and senior officials from the U.S. Department of Energy were present at the signing ceremony.