The government has decided to import three additional cargoes of liquefied natural gas (LNG) from the international spot market to ensure uninterrupted energy supply in the country.
According to an official press release from the Ministry of Finance, the government will spend Tk 21.12 billion (about Tk 2,112 crore) for these three LNG cargoes procured through international quotations. This cost is slightly lower than the expense of similar LNG imports purchased in the current and previous months.
Partial approval for the proposal was given at the 27th meeting of the Advisory Committee on Government Procurement held on Wednesday at the Secretariat. The meeting was chaired by Finance Adviser Amir Khusru Mahmud Chowdhury. However, the press release did not provide details on what exactly was included under the “partial approval.”
Under the approved proposal, Singapore-based Vitol Asia and Aramco Trading Singapore will each supply one LNG cargo, while the third cargo will be supplied by UK-based TotalEnergies Gas & Power Ltd.
Previously, at a procurement committee meeting on June 3, approval was given to purchase one LNG cargo from BP Singapore and two cargoes from TotalEnergies Gas & Power. The cost of that deal was estimated at around Tk 23.72 billion.
In an earlier meeting held in late May, approval was given to import two LNG cargoes from South Korea’s POSCO International Corporation and one cargo from TotalEnergies Gas & Power, with an estimated cost of Tk 23.30816432 billion.
Even earlier, at the committee’s 20th meeting on May 7, approval was granted for importing three LNG cargoes from the spot market—supplied by Vitol Asia, BP Singapore, and Gunvor Singapore—at a total cost of Tk 21.863548222 billion.
In addition to LNG imports, the latest meeting also approved proposals to import 15,000 tonnes of rock sulphur (bright yellow sulphur crude) and 25,000 tonnes of bulk granular urea fertilizer.
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