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Spot LNG, fertiliser import proposals approved

FE REPORT | Friday, 8 September 2023



The cabinet committee on government purchase at its meeting on Thursday approved procurement of two cargoes of liquefied natural gas (LNG) from the international spot market.
Finance Minister AHM Mustafa Kamal chaired the virtual meeting that approved state-owned Petrobangla's proposal to import one LNG cargo containing 3.36 million MMBTU each from TotalEnergies Gas and Power Ltd., Switzerland and another from Vitol Asia Pte Ltd, Singapore.
TotalEnergies will charge a total of Tk 5.95 billion (at $13.77 per unit) while Vitol Asia Tk 6.47 billion (at $14.90 per unit).
The cabinet body approved the LNG procurement proposals as unsolicited offers under the Quick Enhancement of Electricity and Energy Supply (Special Provision) (Amendment) Act 2021.
The meeting also approved two proposals for importing fertiliser by the Bangladesh Agriculture Development Corporation (BADC).
Under one proposal, the BADC will import 30,000 tonnes of TSP fertiliser from OCP of Morocco at a cost of Tk 1.29 billion while another 40,000 tonnes of DAP fertiliser from Ma'aden of Saudi Arabia at a cost of Tk 2.37 billion.
Besides, the meeting approved a proposal of the Roads and Highways Department to appoint a joint venture of Dohwa, Korea; SMEC International Pvt. Ltd. Australia; Pan Arab Consulting Engineers, Kuwait; SARM Associates Ltd, Bangladesh and ACE Consult, as the consultant for "Construction of Nalua-Baherchar Bridge over Pandav-Payra River on Barisal (Dinerarpul)-Laxmipasha-Dumki Road" project at a cost of Tk 727.4 million.

syful-islam@outlook.com