Govt to buy Tk 1,000 crore worth of LNG

The government has approved the purchase of two cargoes of liquefied natural gas (LNG) from the spot market at a total cost of Tk 1,000.85 crore.
The cabinet committee on public purchase approved the purchases today, under which one cargo will arrive in November and the other in December.
The Energy and Mineral Resources Division will buy Tk 497.90 crore worth of LNG at $11.85 per million British thermal units (MMBtu), which will be supplied by Aramco Trading Singapore Pte Ltd.
The second cargo will be purchased at Tk 502.95 crore, or $11.97 per MMBtu, from Gunvor Singapore Pte Ltd.
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