The government has decided to procure eight liquefied natural gas (LNG) cargoes through the Direct Procurement Method (DPM) to ensure quick delivery and avert a potential gas supply crisis amid global market volatility.
The approval came at the 24th meeting of the Cabinet Committee on Economic Affairs on Thursday, chaired by Finance Minister Amir Khosru Mahmud Chowdhury at the Secretariat, where four separate proposals from the Energy and Mineral Resources Division were cleared.
Officials said the direct procurement route was chosen to safeguard national energy security and meet urgent domestic demand, as geopolitical tensions involving Iran and the United States–Israel axis continue to create uncertainty in global energy markets.
Under the approved proposals, two LNG cargoes each will be sourced from four international suppliers—UK-based Blackcube International Ltd, Australia’s Global Fuel Supplies Pte Ltd, Malaysia’s Plenitude Energy Sdn Bhd, and Oman-based Maxwell International SPC.
The imports are expected to help maintain stable gas supply to the national grid, ensuring uninterrupted fuel for industries and power plants.
At the same meeting, the committee also approved the direct import of 5,000 (±5 percent) tonnes of liquefied petroleum gas (LPG) from Speed Marketing Corporation, a concern of Speed Group, to meet emergency demand and stabilise the domestic market.
The LPG will contain 35–40 percent propane and 60–65 percent butane, and will be procured at Saudi Aramco’s contract price with an additional $97 per tonne on a cost-and-freight (CFR) basis.
Officials said the move would increase the government’s participation in the LPG market and help keep supply steady amid price and supply fluctuations.
Meanwhile, the Energy and Mineral Resources Division withdrew its proposal seeking approval for the draft Bangladesh Onshore Model Production Sharing Contract 2026 (Plain Lands).
Of the seven proposals placed before the committee, the approvals were largely centred on ensuring energy supply stability through expedited procurement measures.