The interim government is buuying two cargoes of Liquified Natural Gas (LNG) from the international spot market spending a total of Tk 989.42 crore as part of its ongoing efforts to address growing domestic gas supply shortfall.
The approval for two separate procurement proposals of the Energy and Mineral Resources Division came at a meeting of the Advisers Council Committee on Government Purchase held at the secretariat on Tuesday, with Finance Adviser Dr Salehuddin Ahmed in the chair.
Under one proposal, one cargo LNG supply order has been awarded to M/S Gunvor Singapore Pte Ltd, Singapore at a cost of Tk 503 crore, in which per MMbtu LNG will cost the government $11.97, the finance adviser briefed reporters after the meeting.
The Bangladesh government has to pay Tk 486.42 crore to import another cargo of LNG from M/S Posco International Corporation, South Korea, with per MMbtu costing $11.95.
Both the suppliers have been selected following international quotation invitation process from the international spot market.
Govt clears deal with Saudi Arabia’s SABIC for urea import
Earlier, a meeting of the Advisers Council Committee on Economic Affairs was also held on Tuesday, chaired by the finance adviser.
It approved a proposal in principle for signing an agreement between Bangladesh Chemical Industries Corporation (BCIC) and SABIC Agri-Nutrients Company of Saudi Arabia to import urea fertilizer under a government-to-government (G2G) arrangement for the current fiscal year.
The committee also approved in principle another proposal to hand over Jalil Textile Mills Limited, located at Bhatiari in Chattogram and under the Bangladesh Jute Mills Corporation (BJMC), to the Bangladesh Army for expanding the Bangladesh Ordnance Factories (BOF) in the Chattogram area.