The government has decided to buy three cargoes of liquefied natural gas (LNG) from Singapore and Qatar. Out of this, two cargoes of LNG will be purchased from Singapore’s Gunvar Pvt Ltd and one cargo from Qatar Energy Trading LLC of Qatar. The total cost will be 1 thousand 350 crore 24 lakh 29 thousand 740 taka.
The Cabinet Committee on Public Procurement has approved the import of LNG. The meeting of the Cabinet Committee on Government Procurement was held on Wednesday (May 8) in the conference room of the Cabinet Division in the Secretariat 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, under the ‘Expedited Supply of Electricity and Energy (Special Provisions) Act, 2010 (Amendment 2021)’, the prospect of importing LNG from the spot market has been approved.
In view of the proposal of the Department of Energy and Mineral Resources, approval has been given to import one cargo of LNG from Singapore’s Gunavar Private Limited. 452 crore 41 lakh 90 thousand 70 rupees will be spent on import of 33 lakh 60 thousand mmbtu of LNG as 10.4622 USD per MMBTU. The previous purchase price per MMBTU was USD 10.8637.
In view of another proposal by the Department of Energy and Mineral Resources, approval has been given to import one more cargo of LNG from the same company in Singapore. 452 crore 41 lakh 90 thousand 70 rupees will be spent on import of 33 lakh 60 thousand mmbtu of LNG as 10.4622 USD per MMBTU.
On the other hand, approval has been given to import one cargo of LNG from Qatar Energy Trading LLC at Markt 10.30 per MMBTU. In this case the total cost will be 445 crores 40 lakhs 49 thousand 600 taka. This proposal to import LNG also comes from the Department of Energy and Mineral Resources.
Earlier on April 25, the meeting of the Cabinet Committee on Government Procurement held under the chairmanship of the Law Minister approved the purchase of two cargoes of LNG from Singapore. In this, one cargo of LNG from Singapore’s Gunavar Private Limited was approved for Tk 469 crore 78 lakh 11 thousand 518. In this case, the price per MMBTU is assumed to be 10.8637 USD.
In the meeting, approval was given to import a cargo of LNG from another Singapore company, Vital Asia Private Limited, at a cost of Tk 464 crore 15 lakh 95 thousand 358. In this case, the price per MMBTU is fixed at 10.7337 USD.
Earlier, on April 3, Finance Minister Abul Hasan Mahmud Ali chaired the meeting of the Cabinet Committee on Government 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 Gunavar 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 9.89 USD.
MAS/MKR/MS
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