The Cabinet Committee on Government Purchase (CCGP) on Monday approved a proposal to procure two cargoes of liquefied natural gas (LNG) for delivery in September at prices of more than US$24 per million British thermal units (MMBtu).<\/p>\n
The approval was given at a meeting of the committee held at Secretariat with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.<\/p>\n
Under the approved proposal, Posco International Corporation, South Korea’s largest trading company, will supply one LNG cargo for delivery on September 13-14 at US$24.625 per MMBtu.<\/p>\n
Another cargo will be supplied by TotalEnergies Gas & Power Ltd, UK, for delivery on September 23-24 at US$24.25 per MMBtu.<\/p>\n
The Ministry of Power, Energy and Mineral Resources placed the proposal before the committee under Rule 105(3)(a) of the Public Procurement Rules 2025 through the Request for Quotation (International) process.<\/p>\n
The committee approved the proposal following consideration of the procurement process and the recommended bidders.<\/p>\n
The latest approval comes as Bangladesh continues to rely heavily on imported LNG to meet its growing demand for natural gas, particularly for power generation and industrial consumption.<\/p>\n
<\/p>\n
-UNB<\/p>\n","protected":false},"excerpt":{"rendered":"
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