The Advisory Council Committee on Economic Affairs (ACCEA) has approved the extension of the LNG (liquefied natural gas) supply contracts for seven companies.
These companies will continue to supply LNG from the international spot market.
Petrobangla, the state-owned company, has been importing LNG from these companies under the Master Sale and Purchase Agreement (MSPA).
As part of the proposal, the ACCEA also approved the use of LSP software for LNG imports until March 2025.
Finance Adviser Salehuddin Ahmed presided over the meeting.
According to meeting sources, Petrobangla has been importing LNG from 23 listed companies that have signed MSPAs and operate in the international spot market.
The LNG is imported through international tenders under Rule-85 of the 'Public Procurement Rule (PPR)-2008'.
