In a major step towards ensuring energy security in the country, the government today recommended a proposal for purchasing of three LNG cargoes from the international spot market for delivery in early April of 2026.
The approval came from the 8th meeting of the Cabinet Committee on Government Purchase in this year and the 1st such meeting of the new government with Finance Minister Amir Khosru Mahmud Chowdhury in the chair through virtual platform.
Cabinet Division officials said the Energy and Mineral Resources Division proposed the procurement under Rule 105(3)(Ka) of the Public Procurement Rules 2025 through the international quotation method.
According to the proposal, Total Energies Gas & Power Ltd., UK, will supply one cargo LNG at US$21.58 per MMBtu, while Posco International Corporation of South Korea will supply two cargoes LNG at US$ 20.76 per MMBtu each.
The estimated costs for the LNG cargoes are Tk 907.84 crore, Tk 873.34 crore and Tk 873.34 crore respectively.
The committee recommended approval of the LNG procurement proposals to ensure uninterrupted gas supply for power generation and industrial activities in the country.
Officials said the government continues to procure LNG from the spot market to meet growing domestic demand and maintain stability in the national energy supply system.
