Bangladesh has approved the import of two liquefied natural gas (LNG) cargoes from the international spot market at a total cost of Tk 13.55 billion to strengthen energy supplies amid market disruptions linked to tensions in the Middle East.
The decision was partially approved at the 28th meeting of the Cabinet Committee on Government Purchase held at the Secretariat on Wednesday, chaired by Finance Adviser Amir Khosru Mahmud Chowdhury.
Under the approved proposal, Aramco Trading Singapore and Gunvor Singapore will each supply one LNG cargo.
The latest purchase marks a decline in LNG prices compared to recent weeks. The average cost per cargo has fallen to below Tk 7 billion, down from around Tk 8 billion during the peak of market volatility caused by the US-Iran conflict and rising tensions in West Asia.
Earlier this month, Bangladesh approved the purchase of three LNG cargoes worth Tk 23.72 billion. On June 17, the government also cleared the import of three additional cargoes at a total cost of Tk 21.12 billion, with an average price exceeding Tk 7 billion per shipment.
The government has increasingly relied on the international spot market to secure LNG supplies as it seeks to maintain stable gas availability for power generation and industrial demand amid global energy market uncertainty.
The latest procurement reflects a modest easing in prices, offering some relief to the country’s energy import bill despite ongoing geopolitical risks in the region.
