BM Desk :  The listed international corporation Lafarge Holcim Bangladesh PLC will receive gas from Jalalabad Gas Transmission and Distribution System Limited for the ensuing ten years.

Tuesday, June 24, saw the two businesses sign a new gas supply arrangement that builds on their prior one. Starting on January 18, 2026, Jalalabad Gas will provide LafargeHolcim with gas at a rate of 16 million cubic feet per day under the terms of this agreement.

The agreement signing ceremony was conducted at Bidyut Bhaban in Dhaka, and the principal guest was Muhammad Fauzul Kabir Khan, advisor to the Ministry of Power, Energy, and Mineral Resources. High-ranking representatives from both organizations were also present, along with ambassadors from the European Union, Switzerland, and Spain, Ashiq Chowdhury, chairman of the Bangladesh Investment Development Authority (BIDA), and Md. Saiful Islam, secretary of the Energy and Mineral Resources Division.
The agreement was hailed by advisor Fawzul Kabir Khan, who stated that it will create new opportunities for Bangladesh’s energy sector.

In order to guarantee energy security, he emphasized the necessity of appropriate price. Additionally, he stated that this new arrangement places the pricing process under BARC’s purview, which price increases and decreases will be controlled through BARC.

In response to a question from reporters regarding whether the Iran-Israel conflict will cause oil and gas prices to rise, the energy advisor stated that, depending on how long the conflict lasts, prices won’t rise in the near future. He stated that gas is sourced from sources other than the Middle East and that the government has a framework in place for acquiring both oil and gas through both short- and long-term contracts.

In view of the decline in foreign direct investment, Chowdhury Ashiq Mahmud Bin Harun, Executive Chairman of BIDA, emphasized the significance of luring new investments from established businesses in Bangladesh.

The agreement was welcomed by the ambassadors of the European Union, Switzerland, and Spain, who also commended Lafarge’s dedication to Bangladesh’s economic growth. The EU envoy also mentioned how interested they were in funding Bangladesh’s energy industry.

Mohammad Iqbal Chowdhury, CEO of LafargeHolcim, thanked everyone for their collaboration and indicated his desire to make more investments in Bangladesh. According to him, these kinds of agreements would be crucial to the nation’s economic growth and open up new avenues for the future.