In order to address the nation’s energy needs, the administration has chosen to purchase two cargoes of LNG through international quotations. Two of these will be transported: one from South Korea and one from Singapore. Tk 989 crore 36 lakh 70 thousand 305 will be the entire cost.
The import of this LNG was authorized by the Advisory Council Committee on Government Procurement meeting on Tuesday, July 29, which was chaired by Finance Advisor Dr. Salehuddin Ahmed and held in the Cabinet Division conference room at the Secretariat.
As per the sources from the meeting, the Energy and Mineral Resources Department is seeking approval to import one cargo (the 37th) of LNG from the spot market during the period of 30-31 August 2025, following the international quotation process in accordance with the ‘Public Procurement Rules, 2008’. The proposal was reviewed and approved by the Advisory Council Committee.
It has been reported that when bids were solicited from 23 companies that had signed the Master Sale and Purchase Agreement (MCPA) for the supply of one LNG cargo from Petrobangla, eight companies submitted their bids. All eight proposals were found to be both technically and financially compliant.
Following the completion of all tender processes, and in accordance with the recommendations from the Proposal Evaluation Committee (PEC), it was decided to import one cargo, amounting to 3.36 million MMBTU of LNG, from the lowest bidder, Ganbar Singapore Private Limited, Singapore, at a price of 11.97 US dollars per MMBTU. The total cost for this transaction will be 502 crore 94 lakh 91 thousand 398 taka.
Additionally, another proposal from the Department of Energy and Mineral Resources sought approval for the import of one cargo (the 39th during 21-22 September 2025) of LNG from the spot market via the international quotation process, in line with the ‘Public Procurement Rules, 2008’. This proposal was also approved by the Advisory Council Committee.
Following the conclusion of all tender procedures and in accordance with the recommendations of the Proposal Evaluation Committee (PEC), it was decided to import one cargo, or 3.36 million MMBTU of LNG, from the lowest bidder, M/s POSCO International Corporation of South Korea. At a rate of $11.95 per MMBTU, the total expenditure for importing LNG will be Tk 486 crore 41 lakh 78 thousand 907, which included bids from three companies out of the twenty-three that had entered into the Master Sale and Purchase Agreement (MCPA) for the supply of this single cargo of LNG from Petrobangla.
In order to address the nation’s energy needs, the administration has chosen to purchase two cargoes of LNG through international quotations. Two of these will be transported: one from South Korea and one from Singapore. Tk 989 crore 36 lakh 70 thousand 305 will be the entire cost.
The import of this LNG was authorized by the Advisory Council Committee on Government Procurement meeting on Tuesday, July 29, which was chaired by Finance Advisor Dr. Salehuddin Ahmed and held in the Cabinet Division conference room at the Secretariat.
As per the sources from the meeting, the Energy and Mineral Resources Department is seeking approval to import one cargo (the 37th) of LNG from the spot market during the period of 30-31 August 2025, following the international quotation process in accordance with the ‘Public Procurement Rules, 2008’. The proposal was reviewed and approved by the Advisory Council Committee.
It has been reported that when bids were solicited from 23 companies that had signed the Master Sale and Purchase Agreement (MCPA) for the supply of one LNG cargo from Petrobangla, eight companies submitted their bids. All eight proposals were found to be both technically and financially compliant.
Following the completion of all tender processes, and in accordance with the recommendations from the Proposal Evaluation Committee (PEC), it was decided to import one cargo, amounting to 3.36 million MMBTU of LNG, from the lowest bidder, Ganbar Singapore Private Limited, Singapore, at a price of 11.97 US dollars per MMBTU. The total cost for this transaction will be 502 crore 94 lakh 91 thousand 398 taka.
Additionally, another proposal from the Department of Energy and Mineral Resources sought approval for the import of one cargo (the 39th during 21-22 September 2025) of LNG from the spot market via the international quotation process, in line with the ‘Public Procurement Rules, 2008’. This proposal was also approved by the Advisory Council Committee.
Following the conclusion of all tender procedures and in accordance with the recommendations of the Proposal Evaluation Committee (PEC), it was decided to import one cargo, or 3.36 million MMBTU of LNG, from the lowest bidder, M/s POSCO International Corporation of South Korea. At a rate of $11.95 per MMBTU, the total expenditure for importing LNG will be Tk 486 crore 41 lakh 78 thousand 907, which included bids from three companies out of the twenty-three that had entered into the Master Sale and Purchase Agreement (MCPA) for the supply of this single cargo of LNG from Petrobangla.
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