Govt decides to increase LNG suppliers

Despite suspension of liquified natural gas (LNG) import from international spot market, the government has decided to increase the number of listed LNG suppliers.

Cabinet Committee on Economic Affairs (CCEA) in a virtual meeting, with Finance Minister AHM Mustafa Kamal in the chair, approved a proposal of the Energy and Mineral Resources Division in this regard on Thursday.

The new eight companies which were added to the existing list of 16 companies are LNG Japan Corporation, Japan; Socar Trading UK Ltd; POSCO International Corporation, Korea; Qatar Energy Trading LLC; Inpex Corporation, Japan; Pavilion Energy Trading & Supply Pte Ltd, Singapore; PetroChina International Pte Ltd, Singapore and PTT International Trading Pte Ltd, Singapore.

However, it is not clear whether the government will withdraw suspension on import immediately or not.