The government has given its approval in principle to procure liquefied natural gas (LNG) from Aramco Trading Singapore Pte Ltd under a short-term Government-to-Government (G2G) arrangement to address the country’s growing energy needs.
The approval came on Wednesday at a meeting of the Advisers Council Committee on Economic Affairs, chaired by Finance Adviser Dr Salehuddin Ahmed, held at the Cabinet Division’s conference room in the Bangladesh Secretariat.
The proposal, submitted by the Energy and Mineral Resources Division, sought approval to process the short-term LNG purchase from Aramco Trading Singapore under Section 68 of the Public Procurement Act, 2006, and the relevant provisions of the Public Procurement Rules, 2025.
In total, the committee approved four proposals in principle covering the sectors of commerce, ICT, energy, and shipping, according to the Cabinet Division.
The meeting also approved a proposal from the Ministry of Commerce allowing the release of motor vehicles over five years old purchased through auction.
Additionally, the committee endorsed a proposal from the Information and Communication Technology Division to establish an E-Waste Management Plant at Kaliakoir Hi-Tech Park in Gazipur under a Public-Private Partnership (PPP) arrangement.
In the shipping sector, the meeting granted approval in principle to a concession agreement between the Chattogram Port Authority and Denmark’s APM Terminals BV for the “Establishment and Operation of Laldia Container Terminal at Chittagong Port” under the PPP model.
The terminal will be developed and operated under the Design, Build, Finance, Operate, and Transfer (DBFOT) model for a total of 48 years, comprising a 33-year primary concession period and a possible 15-year extension.
