Bangladesh and the United States have signed a Memorandum of Understanding (MoU) to further strengthen strategic cooperation in the energy sector. The agreement was signed at the U.S. Department of Energy in Washington D.C. on Thursday (May 14).
According to a press release from the Bangladesh Embassy in Washington, Foreign Minister Dr. Khalilur Rahman signed the MoU on behalf of Bangladesh, while Energy Minister Chris Wright signed on behalf of the United States.
Ensuring global energy security has become even more challenging due to ongoing conflicts in the Middle East. The situation is particularly concerning for energy-importing countries, including Bangladesh. In this context, the agreement is seen as a significant step.
According to the Embassy, the MoU will help ensure Bangladesh’s long-term energy security. It will also play a crucial role in ensuring a stable supply of affordable energy and diversifying energy sources. This is expected to create new possibilities for energy cooperation between Bangladesh and the United States.
Under the agreement, opportunities for capacity building, technology and knowledge exchange, and joint research in the oil, gas, geothermal, and bioenergy sectors will be expanded. Furthermore, it could facilitate the import of LNG, LPG, and other energy products from the United States at relatively affordable prices.
At the event, Foreign Minister Dr. Khalilur Rahman referred to the MoU as a new milestone in Bangladesh-U.S. relations. He thanked Prime Minister Tareq Rahman and U.S. President Donald Trump for their support of this initiative.
U.S. Energy Minister Chris Wright stated that this MoU would further strengthen Bangladesh-U.S. relations and open new horizons for energy cooperation.
Officials from the Bangladesh Embassy and senior representatives from the U.S. Department of Energy were present at the ceremony.
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