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January 10, 2025, 1:04 pm

Govt approves LNG, fertiliser import proposals

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  • Update Time : Friday, October 25, 2024
  • 36 Time View

The Advisors’ Council Committee on Government Purchase (ACCGP) has approved several key proposals for the import of liquefied natural gas (LNG) and fertiliser to meet domestic demands.

In a meeting held on Thursday, chaired virtually by Finance Adviser Salehuddin Ahmed, who is currently on a visit to the USA, the committee gave the go-ahead to the proposals.

The Energy and Mineral Resources Division submitted two proposals on behalf of state-owned Petrobangla for the procurement of two LNG cargoes from the international spot market under the Public Procurement Rules 2008.

TotalEnergies Gas & Power Ltd, Switzerland, will supply one LNG cargo containing 33.66 lakh MMBtu for Tk657.61 crore, with each MMBtu priced at $13.94.

The same company will provide a second cargo of the same volume, costing Tk640.15 crore, with each MMBtu priced slightly lower at $13.57.

In addition, the ACCGP approved a proposal from the Ministry of Agriculture to import 30,000 tonnes of MOP fertiliser from Russia.

The state-owned Bangladesh Agricultural Development Corporation (BADC) will

handle the import from Russia’s JSC Foreign Economic Corporation Prodintorg, with the total cost amounting to Tk104.31 crore, at $289.75 per tonne.

 

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