Bangladesh has approved a fresh proposal to procure 33.60 lakh MMBTUs liquefied natural gas LNG from the spot market at a cost of over Tk 2.43 billion.
The approval was given by the government recently to meet the growing demand of energy in the country.
“The government will buy 33.60 lakh MMBTUs LNG from AOT Trading, AG, Switzerland. The company quoted Tk 2.43 billion for the LNG cargo supply,” said Shahida Akter, Additional Secretary of Cabinet Division at a virtual press briefing.
The briefing was held after the meeting of Cabinet Committee on Government Purchase with Finance Minister AHM Mustafa Kamal in the chair. The approval came at the meeting.
The cost of per MMBTU LNG will be $7.29 in line with AOT Trading, AG, Switzerland’s quotation, said Shahida Akter.