The Cabinet Committee on Economic Affairs (CCEA) on Tuesday withdrew one energy-related proposal while recommending policy approval for three others, including fast-tracking fuel imports and advancing LNG supply and infrastructure projects, in a move aimed at strengthening energy security.
The decisions were taken at the committee’s 23rd meeting of the year, chaired by Finance Minister Amir Khosru Mahmud Chowdhury at the Bangladesh Secretariat.
According to official documents, one proposal placed by the Energy and Mineral Resources Division was withdrawn during the meeting, although details of the scrapped plan were not immediately disclosed.
Among the approved measures, the committee endorsed a proposal to revise the tender preparation and submission timeline for importing refined fuel oil by the Bangladesh Petroleum Corporation (BPC) through open international tender.
The timeline for fuel imports scheduled between September and December 2026 will be reduced from 42 days to 21 days, a move aimed at expediting procurement and ensuring uninterrupted fuel supply.
The CCEA also recommended policy approval to process a proposal from China National Energy Engineering & Construction Co. Ltd. (CNEE) for setting up a Floating Storage and Regasification Unit (FSRU) at Kutubjom in Maheshkhali, Cox’s Bazar.
The FSRU project will be implemented under the government-to-government (G2G) procurement method in line with Section 68 of the Public Procurement Act, 2006, and relevant provisions of the Public Procurement Rules, 2025.
In another key decision, the committee approved in principle a proposal from Gunvor USA LLC to supply liquefied natural gas (LNG) to Bangladesh under both short-term and long-term arrangements.
This LNG procurement will also follow the G2G mechanism under the same legal framework, reflecting the government’s effort to secure stable energy supply amid rising demand.
Officials said all proposals were placed by the Energy and Mineral Resources Division as part of a broader strategy to enhance fuel supply resilience and improve procurement efficiency.