Tk 909 cr worth LNG to be imported from Singapore

Staff Correspondent: The Cabinet Committee on Public Procurement has approved a proposal to import 33.7 million MMBTU (per million British thermal units) liquefied natural gas (LNG) to meet the country’s energy demand. It will cost Tk 909 crore 14 lakh 50 thousand 36. These LNGs will be supplied by a company called Ms. Vital Asia PTE Limited, Singapore.
The Cabinet Committee on Public Procurement, chaired by virtual finance minister AHM Mustafa Kamal, approved the proposal yesterday.
After the meeting, Additional Secretary to the Cabinet Zillur Rahman Chowdhury told reporters that a total of nine proposals have been submitted for the approval of the Cabinet Committee on Economic Affairs and three for the approval of the Procurement Committee (including two in the table). Among the procurement proposals are three from the Ministry of Shipping, two from the Department of Road Transport and Highways, one from the Ministry of Water Resources, one from the Ministry of Agriculture, Energy.
There was a proposal from the Department of Mineral Resources and a proposal from the Ministry of Civil Aviation and Tourism. The total amount in the eight proposals approved by the procurement committee is Tk 2,410 crore 81 lakh 25 thousand 235. The entire amount of the total funding will be spent from the government’s own funds (GoB).
He said that the 12th LNG (1 cargo) of 2022 from Petrobangla under the Department of Energy and Mineral Resources has been approved by M / s Vital Asia PTE Limited of Singapore. Earlier, the price per MMBTU was $29.25, now it has come down to $26.24. As a result, prices have come down a bit. He said that through the Bangladesh Agriculture Development Corporation (BADC) under the Ministry of Agriculture, Morocco’s OCP, SA has approved the import of 40,000 (+ 10 percent) metric tons of DAP fertilizer in the fifth lot at a total international market price of Tk 406.41 million. The price per ton has been set at US$116.50. Earlier it was priced at $1158. As a result, prices have risen slightly.