The government has approved a proposal to procure three cargoes of liquefied natural gas (LNG) at a cost of Tk 2,372 crore, including all applicable taxes, to meet the country's growing energy demand.

The approval came from the Cabinet Committee on Public Procurement at its meeting held at the Secretariat on Wednesday with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.

Cabinet Committee approves three more LNG cargoes from spot market

According to the proposal placed by the Energy and Mineral Resources Division, one LNG cargo will be purchased from BP Singapore Pte Ltd, while the remaining two cargoes will be procured from TotalEnergies Gas & Power Ltd, UK.

The LNG cargoes are scheduled for delivery during three separate windows: June 26-27, June 30-July 1, and July 6-7, 2026.

The procurement will be carried out through the international request for quotation method in accordance with Rule 105(3)(a) of the Public Procurement Rules 2025.

The total approved expenditure for the three LNG cargoes stands at Tk 23,72,21,18,784.

The committee recommended the proposal for final approval to ensure a steady supply of natural gas and support the country's power generation and industrial activities.

Meanwhile, the Cabinet Committee on Public Procurement also recommended approval of a proposal to purchase two LNG cargoes from SOCAR Trading SA of Switzerland under a government-to-government (G2G) arrangement.

According to the proposal placed by the Energy and Mineral Resources Division, the two LNG cargoes will be procured through a direct purchase process on a short-term basis this year.

SOCAR Trading SA, Switzerland, was selected as the recommended supplier, with the price benchmarked at JKM plus US$0.125 per MMBTU.