18th April 2018

Dhaka, Apr 18 (UNB) – Cabinet Committee on Public Purchase on Wednesday approved some 10 proposals including import of liquefied natural gas (LNG) from Oman on government-to-government basis deal.

 

Oman Trading International will initially supply 1 million tons per annum (Mtpa) of LNG under a price formula of “11.9 percent Brent plus 0.40 US$ per MMbtu” for a period of 10 years.

 

The government will import the LNG and re-gasify through the two LNG terminals—Summit’s FSRU and EEBL’s FSRU—and then supply to the national gas network.

 

Bangladesh will make the payment of the LNG to the Oman within 25 days of the delivery.


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