The government will procure three cargoes of liquefied natural gas (LNG) as part of its initiatives to raise the gas supply in the country to meet the growing demand.
Cabinet Committee on Government Purchase (CCGP) approved three separate proposals of state-owned Petrobangla in its 8th meeting of this year held on Wednesday at the Cabinet Division conference room at Bangladesh Secretariat in the capital.
Finance Minister Abul Hassan Mahmood Ali presided over the meeting.
Briefing reporters after the meeting, Cabinet Division Secretary (coordination and reforms) Mahmudul Hossain Khan said that the day's meeting approved a total of 12 proposals.
Following three separate proposals from the Energy and Mineral Resources Division, the government would procure an LNG cargo from Switzerland-based Total Energy and Power Ltd at a cost of Tk 427.77 crore with each unit at $9.89; one LNG cargo from Singapore-based Gunvor Group at a cost of Tk 410.65 crore with each unit at $9.65.
Another LNG cargo will be procured from Singapore-based Vitol Asia (Pte) Ltd at a cost of Tk 418.59 crore with each unit LNG at $9.68.
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