A Chinese firm is set to construct a floating LNG (liquefied natural gas) terminal at Moheshkhali in Cox's Bazar.
The Cabinet Committee on Economic Affairs recently gave in-principle approval to process a proposal submitted by China National Energy Engineering and Construction Company Limited for setting up the LNG storage and regasification terminal under a government-to-government (G2G) arrangement.
Finance Minister Amir Khosru Mahmud Chowdhury chaired the meeting held at the Secretariat.
According to a Finance Ministry statement, the proposal will be processed under the G2G method in accordance with Section 68 of the Public Procurement Act, 2006, and Rules 99(2) and 107(2) of the Public Procurement Rules, 2025.
At the same meeting, the committee also gave in-principle approval to a proposal for importing LNG on both a short- and long-term basis from US-based Gunvor USA LLC under a G2G framework.
