Cabinet Committee approves three more LNG cargoes from spot market
The LNG cargoes are scheduled to arrive on 15–16 June, 21–22 June and 25–26 June this year, corresponding to the 23rd, 24th and 25th consignments
The government yesterday (23 May) approved separate proposals for procuring three cargoes of liquefied natural gas (LNG) from the spot market and importing 70,000 metric tonnes of fertiliser to ensure uninterrupted energy and fertiliser supply across the country.
The approvals came at the 23rd meeting of the Cabinet Committee on Government Purchase for 2026 held at the Cabinet Division conference room at the Secretariat.
Finance Minister Amir Khosru Mahmud Chowdhury presided over the meeting.
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The committee recommended approving a proposal from the Energy and Mineral Resources Division to purchase three LNG cargoes from the international spot market through international quotation collection under Rule 105(3) (Ka) of the Public Procurement Rules, 2025.
The LNG cargoes are scheduled to arrive on 15–16 June, 21–22 June and 25–26 June this year, corresponding to the 23rd, 24th and 25th consignments.
The total procurement cost, including Advance Income Tax (AIT), has been estimated at Tk2,330.82 crore.
Under the proposal, two cargoes will be procured from Posco International Corporation of South Korea and one cargo from TotalEnergies Gas & Power Ltd of the United Kingdom.
The committee also recommended approving a proposal from the Ministry of Industries to import 30,000 metric tonnes of bagged granular urea fertiliser under the 15th lot from Karnaphuli Fertiliser Company Limited during the 2025–26 fiscal year.
The total procurement cost for the urea fertiliser has been fixed at Tk254.52 crore, while the price per metric tonne was set at $688.375, including a Free on Board (FOB) price of $683.375 and a bagging charge of $5.
Officials said the fertiliser would be procured from KAFCO to maintain a stable fertiliser supply for the country's agricultural sector.
Meanwhile, the committee recommended another proposal from the Ministry of Agriculture to import 40,000 metric tonnes of DAP fertiliser under the 12th (optional fourth) lot from OCP Nutricrops of Morocco under a state-level agreement with Bangladesh Agricultural Development Corporation.
The proposed procurement cost for the DAP fertiliser import has been estimated at Tk434.66 crore, with the price set at $881.67 per metric tonne.
