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Bangladesh approves spot LNG import to meet winter energy demand

Bangladesh has approved the procurement of one cargo of liquefied natural gas (LNG) from the international spot market as part of its continued efforts to ensure un-interrupted gas supply for power generation and industrial use amid rising winter demand.

The approval came at a meeting of the Advisory Council Committee on Government Purchase held at the Cabinet Division, with Finance Adviser Dr Salehuddin Ahmed in the chair.

Under the proposal placed by the Energy and Mineral Resources Division, one LNG cargo will be imported for delivery during January 9–10, 2026 at a cost of about Tk 420.09 crore.

The unit price has been fixed at US$9.99 per MMBtu, with South Korea-based Posco International Corporation recommended as the supplier.

Officials said the import would help stabilise gas supply during the peak winter season, when demand typically rises.

Alongside the LNG approval, the committee also cleared several other major procurement proposals aimed at strengthening food security and supporting agricultural production.

The Ministry of Food will procure 50,000 metric tonnes  of non-basmati parboiled rice through an international open tender at a cost of Tk 214.70 crore, with a per-tonne price of US$351.11.

India-based M/S Bagadiya Brothers Private Ltd has been selected as the supplier. Officials said the import would help maintain adequate public food stocks and stabilise domestic market prices.

The committee also approved proposals from the Ministry of Industries to import a total of 80,000 metric tonnes  of fertilizer from Saudi Arabia to meet agricultural demand.

The fertilizer will be procured in two lots of 40,000 metric tonnes  each from SABIC Agri-nutrients Company at a unit price of US$413.46 per metric tonne, with each lot costing about Tk 203.09 crore.

To improve fertilizer storage and distribution, the meeting further approved the construction of two buffer warehouses — one in Naogaon with a capacity of 25,000 metric tonnes  at a cost of Tk 54.70 crore, and another in Bogura with a capacity of 20,000 metric tonnes  at a cost of Tk 59.28 crore.

Besides these, the committee cleared several infrastructure procurement proposals, including road and bridge development projects under the Road Transport and Highways Division and a World Bank-supported LGED project worth Tk 363 crore, aimed at improving connectivity and regional economic activity.

Officials said the combined approvals reflect the government’s priority on energy security, food availability and agricultural input supply amid ongoing economic and seasonal pressures.

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