The government has decided to buy two cargoes of liquefied natural gas (LNG) from two companies in Singapore. Among these, one cargo of LNG will be purchased from Singapore’s Vital Asia Pvt Ltd and one cargo from Gunvar Pvt Ltd. The total cost will be 933 crore 94 lakh 6 thousand 876 taka.
The Cabinet Committee on Public Procurement has approved the import of this LNG. On Thursday (April 25) in the conference room of the Cabinet Division in the Secretariat, the Cabinet Committee meeting on Government Procurement was held under the chairmanship of Law Minister Anisul Haque.
At the end of the meeting, the Secretary of Coordination and Reform of the Cabinet Department. Mahmudul Hossain Khan said that the expectation of LNG import from the spot market has been approved under the Increase in Rapid Supply of Electricity and Energy (Special Provisions) (Amendment) Act-2021.
Following a proposal from the Department of Energy and Mineral Resources, approval has been given to import one cargo of LNG from Singapore’s Gunavar Private Limited. 469 crore 78 lakh 11 thousand 518 rupees will be spent on import of 33 lakh 60 thousand mmbtu of LNG at 10.8637 USD per mmbtu. The previous purchase price per MMBTU was $9.4965.
Following another proposal by the Department of Energy and Mineral Resources, approval has been given to import one cargo of LNG from Singapore’s Vital Asia Private Limited. The total cost of importing 33 lakh 60 thousand MMBTU of LNG will be Tk 464 crore 15 lakh 95 thousand 358 at USD 10.7337 per MMBTU. The previous purchase price per MMBTU was $9.6800.
Earlier, on April 3, Finance Minister Abul Hasan Mahmud Ali chaired the meeting of the Cabinet Committee on Public Procurement, which approved the purchase of three cargoes of LNG from Singapore and Switzerland.
In that meeting, in view of the proposal of the Department of Energy and Mineral Resources, the expenditure of Tk 410 crore 65 lakh 90 thousand 488 was approved for importing a total of 33 lakh 60 thousand MMBTU of LNG from Singapore’s Ganvar Private Limited at 9.4965 USD per MMBTU.
In view of another proposal of the Department of Energy and Mineral Resources, a total expenditure of Tk 418 crore 59 lakh 41 thousand 760 was approved to import one cargo of LNG from Singapore’s Vital Asia Pvt. Ltd. at USD 9.6800 per MMBTU.
In addition, approval was given to import one cargo of LNG from Switzerland’s Total Engineering Gas and Power Limited at a cost of 427 crore 67 lakh 52 thousand 480 taka. In this case, the price per MMBTU is assumed to be USD 9.89.
MAS/MRM/GKS
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