The government of Bangladesh has approved the acquisition of three liquefied natural gas (LNG) cargoes from the international spot market, scheduled for delivery in early April, as part of efforts to bolster the nation’s energy security.
The decision was made during the eighth meeting of the Cabinet Committee on Government Purchase, which was also the first such meeting of the new administration.
The session was chaired virtually by Finance and Planning Minister Amir Khosru Mahmud Chowdhury.
Officials from the Cabinet Division said the Energy and Mineral Resources Division proposed the procurement through an international quotation process to ensure transparency and cost-effectiveness.
Under the approved plan, one LNG cargo will be supplied by Total Energies Gas & Power Ltd, United Kingdom, at $21.58 per MMBtu. The remaining two cargoes will be supplied by Posco International Corporation of South Korea at $20.76 per MMBtu each.
The estimated costs of the three shipments are Tk907.84 crore, Tk873.34 crore, and Tk873.34 crore, respectively.
The committee highlighted that these purchases are essential to maintain uninterrupted gas supply for power generation and industrial use across the country. Officials noted that spot-market LNG procurement remains a key strategy for meeting rising domestic energy demand while ensuring stability in the national energy system.
This latest move comes amid heightened efforts by the government to diversify fuel sources and secure sufficient LNG imports, safeguarding Bangladesh’s energy sector from potential global supply disruptions. Authorities said that continuing LNG purchases from the international market would help maintain stable electricity production and support industrial growth, which is crucial for the economy.
