Additional Tk1000cr to be spent on procuring LNG from spot market
Officials said that with domestic gas production unable to meet the growing industrial, commercial, and household needs, Bangladesh has increasingly turned to the global spot market for LNG imports.
To meet the growing energy demand in the country, the Energy and Mineral Resources Division has moved to procure Tk1000 crore additional Liquefied Natural Gas (LNG) from the international spot market.
As part of the government's plan to ensure uninterrupted energy supply, proposals have been placed for the purchase of one LNG cargo scheduled for 22–23 November 2025 from Aramco Trading Singapore and another for 26–27 December 2025 from Gunvor Singapore.
The approvals came from the meeting of the Advisers Council Committee on Government Purchase in this year held today (9 September) at Bangladesh Secretariat with Finance Adviser Dr Salehuddin Ahmed in the chair.
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Officials said that with domestic gas production unable to meet the growing industrial, commercial, and household needs, Bangladesh has increasingly turned to the global spot market for LNG imports.
The Tk50.52 crore initiative aims to align Bangladesh's energy sector with global climate commitments while meeting the country's rising power demand.
As industrialisation and urbanisation expand, Bangladesh's reliance on imported LNG is expected to remain high in the near future. The government, however, is also exploring carbon-efficient practices to balance development with environmental responsibilities.
Finance Adviser Dr Salehuddin Ahmed after emerging from the meeting said that the government is importing LNG liberally to meet the domestic demands. "We want to ensure uninterrupted gas supply in the industries," he said.
The meeting also approved multiple import proposals under state-level agreements with international partners to meet the growing demand for fertilisers ahead of the upcoming cultivation season.
According to officials, the Ministry of Agriculture has moved to import 30,000 tonnes of Triple Super Phosphate (TSP) fertiliser under the 5th lot from OCP Nutricrops, Morocco, and 40,000 tonnes of Muriate of Potash (MOP) fertiliser under the 6th lot from the Canadian Commercial Corporation (CCC). Additionally, a proposal was placed to import 40,000 tonnes (+10%) of Di-ammonium Phosphate (DAP) fertiliser from OCP Nutricrops under the 4th lot.
At the same time, the Ministry of Industries has sought approval to import 30,000 tonnes of bagged granular urea fertiliser in the 4th lot from Karnaphuli Fertilizer Company Limited (KAFCO), Bangladesh. It also proposed the import of 10,000 tonnes (±5%) of phosphoric acid (P2O5: 52–54%) for use in fertiliser production by TSP Complex Ltd (TSPCL). The purchase committee approved all proposals.
Meanwhile, the government is set to move forward with a series of major infrastructure, energy, and transport projects across the country.
