The government will procure three LNG cargoes from two companies in Singapore with around Taka 1,274.12 crore to meet the growing demand for energy in the country.
The approval came from the 3rd meeting of the Cabinet Committee on Government Purchase (CCGP) this year held recently at the Cabinet Division at Bangladesh Secretariat with Finance Minister Abul Hassan Mahmood Ali in the chair.
Briefing reporters after the meeting, Cabinet Division additional secretary Sayeed Mahbub Khan said that the day's meeting approved a total of seven proposals.
He said following three separate proposals from the Energy and Mineral Resources Division, Petrobangla would procure LNG through quotation from the signatory companies of the Master Sale and Purchase Agreement.
Mahbub said Petrobangla would procure one cargo LNG from M/S Gulberg Singapore Private Limited with around Taka 425.82 crore while the Petrobangla would procure another cargo LNG from M/S Gulberg Singapore Private Ltd with around Taka 425.82 crore where per MMBtu LNG would cost $9.847.
Besides, in another proposal, Petrobangla would procure another cargo LNG from M/S Vitol Asia Private Limited, Singapore with around Tk 422.49 crore where per MMBtu LNG would cost $9.770.
