The government has approved the import of a cargo of liquefied natural gas (LNG) from Singapore and 6,000 tons of lentils from a local supplier.
During a Tuesday meeting, the Cabinet Committee on Government Purchase (CCGP) approved state-owned Petrobangla’s proposal to import LNG from Singapore’s Gunvor Private Limited at a cost of Tk601.64 crore. The meeting was chaired by Finance Minister Abul Hassan Mahmood Ali.
This LNG import will be conducted under the Rapid Increase in Supply of Electricity and Energy (Special Provisions) Act, 2010, following the Master Sale and Purchase Agreement (MSPA) from the international spot market. The cost per MMBTU of LNG will be $12.9697, an increase from the previous $10.3000.
Additionally, the CCGP approved the state-owned Trading Corporation of Bangladesh’s (TCB) proposal to import 6,000 tons of lentils through an open tender from local supplier Roy Agro Food Products. The bulk lentils will cost Tk60.47 crore, with each kilogram priced at Tk100.79.
