The government will import a cargo of liquefied natural gas (LNG) from Singapore.
The Cabinet Committee on Government Purchase (CCGP) in a meeting on Tuesday approved a proposal of state-owned Petrobangla to import the LNG from Singapore's Gunvor Private Limited at Tk 601.64 crore.
Govt moves to ramp up LNG terminal capacity, even as demand slows down on back of fiscal challenges
Finance Minister Abul Hassan Mahmood Ali presided over the meeting.
The LNG will be imported under the Rapid Increase in Supply of Electricity and Energy (Special Provisions) Act, 2010 as per Master Sale and Purchase Agreement (MSPA) from the international spot Market.
The cost of LNG per MMBTU will be $12.9697 which was earlier $10.3000.
Govt to import 3 cargoes of LNG to raise gas supply
Meanwhile, the committee approved a proposal of state owned Trading Corporation of Bangladesh (TCB) to import 6000 metric tons of lentil from a local supplier through open tender.
Roy Agro Food Products will supply the bulk lentils at a cost of Tk 60.47 crore with each kg at Tk 100.79.