The government’s advisory committee on public purchases has approved the import of two cargoes of liquified natural gas (LNG) from the spot market. Singapore-based MS Gunvor Singapore Pte will supply the LNG at $13.57 and $13.77 per million British thermal units (MMBtu). The total cost for the first consignment is estimated at Tk 640.15 crore, while the second will cost Tk 649.59 crore, according to meeting minutes.
The approval follows quotations from companies under Master Sale and Purchase Agreements with Petrobangla, in line with the Public Procurement Rules of 2008. In addition to LNG imports, the government also sanctioned the purchase of 60,000 tonnes of urea fertilizer, 30,000 tonnes of triple super phosphate (TSP), and 40,000 tonnes of di-ammonium phosphate (DAP) fertilizer.
Saudi Arabia’s SABIC Agri-nutrients Company will supply 30,000 tonnes of urea at $346.33 per tonne, with the remaining 30,000 tonnes being provided by Bangladesh’s Karnaphuli Fertiliser Company Limited (KAFCO) at $335.5 per tonne. Morocco’s OCP SA will supply TSP fertilizer at $415 per tonne, while Saudi Arabia’s MA’ADEN will deliver DAP at $581 per tonne.
This strategic move aims to enhance the country’s energy and agricultural sectors by securing essential resources for continued growth and stability.