The government on Wednesday approved the import of two liquefied natural gas (LNG) cargoes from suppliers in Singapore and the United Kingdom at a total cost of Tk 1,437.55 crore, aiming to ensure uninterrupted gas supply amid rising domestic energy demand.
The approval came at a meeting of the Cabinet Committee on Government Purchase, chaired by Finance Minister Amir Khasru Mahmud Chowdhury, at the Secretariat.
Under the decision, the Energy and Mineral Resources Division will procure the LNG cargoes from the spot market through the international quotation method in line with Rule 105(3)(a) of the Public Procurement Rules, 2025.
One cargo will be purchased from BP Singapore Pte Ltd, while the other will be supplied by TotalEnergies Gas and Power Ltd of the United Kingdom.
The two cargoes, designated as the 34th and 35th spot LNG shipments, are scheduled for delivery on July 23-24 and July 26-27, respectively.
The total procurement cost, including applicable taxes, has been estimated at Tk 1,437.55 crore, according to meeting sources.
Officials said the imports are intended to meet the country’s growing energy demand and maintain a stable supply of natural gas.
Urea import deal with Saudi Arabia
At a separate meeting of the Cabinet Committee on Economic Affairs, also chaired by the finance minister, the government gave policy approval for the Bangladesh Chemical Industries Corporation (BCIC) to sign a government-to-government agreement with Saudi Arabia’s SABIC Agri-Nutrients Company for the import of urea fertiliser during the 2026-27 fiscal year.
Coal pricing formula revised
The committee also approved in principle a proposal from the Power Division to revise the coal pricing mechanism for the coal-fired power plants operated by SS Power I Ltd in Banshkhali, Chattogram, and the 307MW Barishal Electric Power Company Ltd plant.