The MoU is also expected to facilitate Bangladesh to import US liquefied natural gas (LNG), liquefied petroleum gas (LPG) and other energy products at competitive prices.
Speaking at the signing ceremony, Khalilur described the agreement as another milestone in the growing partnership between Bangladesh and the United States.
He expressed gratitude to Prime Minister Tariq Rahman and US President Donald Trump for their support in taking this initiative forward.
US Energy Secretary Wright termed the MoU a “historic development” in Bangladesh-US relations.
Bangladesh Embassy officials and senior representatives of the US Department of Energy were present at the signing ceremony.