The government on Wednesday approved the procurement of three liquefied natural gas (LNG) cargoes from the international spot market, scheduled for delivery in early April, as part of efforts to ensure uninterrupted energy supply across the country.
The decision was taken during the 8th meeting of the Cabinet Committee on Government Purchase (CCGP), the first such session of the new government, held virtually under the chairmanship of Finance Minister Amir Khosru Mahmud Chowdhury.
Cabinet Division officials said the Energy and Mineral Resources Division submitted the proposal for LNG procurement through the international quotation method.
Under the approved plan, Total Energies Gas & Power Ltd of the UK will supply one LNG cargo at US$21.58 per MMBtu, while South Korea’s Posco International Corporation will provide two LNG cargoes at US$20.76 per MMBtu each.
The estimated costs of the shipments are Tk907.84 crore, Tk873.34 crore, and Tk873.34 crore respectively.
The committee emphasised that the LNG purchases are intended to maintain steady gas supply for power generation and industrial operations, preventing disruptions in the energy sector.
Officials highlighted that the government continues to rely on spot market LNG imports to meet rising domestic demand and to sustain stability in the national energy system.
This procurement is part of ongoing measures to secure the country’s energy infrastructure and ensure reliable fuel availability amid increasing consumption.
