Govt approves purchase of additional LNG cargo from spot market
The approval came during the 27th meeting of the Advisory Committee on Public Procurement held today (15 July) at the Cabinet Division.
The government has approved the purchase of another cargo of liquefied natural gas (LNG) from the spot market, bringing the total number of spot purchases for 2025 to 33.
The approval came during the 27th meeting of the Advisory Committee on Public Procurement held today (15 July) at the Cabinet Division.
Finance Adviser Salehuddin Ahmed presided over the meeting, according to a press release issued by the Finance Division.
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The Energy and Mineral Resources Division presented the proposal, which was approved by the committee.
As per the decision, QatarEnergy Trading LLC will supply the approved LNG cargo between 4 and 5 August. The price of each MMBtu (million British thermal units) has been fixed at $13.24, with the total cost amounting to Tk556.76 crore.
This purchase follows a previous approval on 8 July, where the committee cleared the procurement of another LNG cargo from the spot market for delivery on 28 or 29 July.
That shipment, to be supplied by Vitol Asia Pte Ltd of Singapore, was priced at $12.62 per MMBtu, with a total cost of Tk531.55 crore.
As a result, the government will spend around Tk25 crore more on the newly approved cargo, despite officials stating that LNG prices have not risen on the global market in the intervening period.
The committee also approved two additional procurement proposals from the Public Works Department during the same meeting.
