Dhaka,  Friday
19 April 2024

Govt to import 3 cargoes of LNG to raise gas supply

Messenger Online

Published: 16:53, 3 April 2024

Govt to import 3 cargoes of LNG to raise gas supply

Photo: Collected

The government will import 3 cargoes of liquefied natural gas (LNG) as part of its move to raise the gas supply to meet the growing demand.

Cabinet Committee on Government Purchase (CCGP) in a meeting approved three separate proposals of state-owned Petrobangla.

Finance Minister Abul Hassan Mahmood Ali presided over the meeting while the Energy and Mineral Resources Division moved the proposals under the Speedy Increase of the Supply of Power and Energy Act, 2010, on behalf of its subordinate body.

As per the proposals, Switzerland-based Total Energy and Power Ltd will supply an LNG cargo at a cost of Tk 427.77 crore with each unit at $9.89 while Singapore-based Gunvor Group will supply an LNG cargo at a cost of Tk 410.65 crore with each unit at $9.65.

The remaining LNG cargo will be supplied by Vitol Asia (Pte) Ltd, Singapore at a cost of Tk 418.59 crore with each unit LNG at $9.68.

Messenger/Sumon

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