Govt okays Tk2,372cr LNG purchase
According to the proposal placed by the Energy and Mineral Resources Division, one LNG cargo will be purchased from BP Singapore Pte Ltd, while the remaining two will be procured from TotalEnergies Gas & Power Ltd of the UK.
The government has approved a proposal to procure three cargoes of liquefied natural gas (LNG) at a cost of Tk2,372 crore, including all applicable taxes, to meet the country's growing energy demand.
The approval came from the Cabinet Committee on Government Purchase at its meeting held at the Secretariat yesterday (3 June), with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.
According to the proposal placed by the Energy and Mineral Resources Division, one LNG cargo will be purchased from BP Singapore Pte Ltd, while the remaining two will be procured from TotalEnergies Gas & Power Ltd of the UK.
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The cargoes are scheduled for delivery during three separate windows: 26-27 June, 30 June-1 July, and 6-7 July, 2026.
The committee recommended the proposal for final approval to ensure a steady supply of natural gas and support the country's power generation and industrial activities.
Separately, the committee also recommended approval of a proposal to purchase two LNG cargoes from SOCAR Trading SA of Switzerland under a government-to-government arrangement.
The two cargoes will be procured through a direct purchase process on a short-term basis this year. SOCAR Trading SA was selected as the supplier, with the price benchmarked at JKM plus $0.125 per MMBTU.
