Govt mulls LNG import from int’l spot market to save Tk 32cr

The Cabinet Committee on Public Purchase on Wednesday approved 10 procurement proposals including one to import of 3.490 million British thermal unit (mmbtu) of liquified natural gas (LNG) from international open spot market.
 
Briefing about the outcomes of the committee meeting, Finance Minister AHM Mustafa Kamal, who presided over the meeting, told reporters that buying LNG from international spot market will cost Tk 132.93 crore.
 
He noted that this import from spot market will save the government's Tk 32 crore comparing to the price of the long term suppliers.
 
"This has been the first time, the government moves to import LNG from international sport market instead of long-term suppliers", said the finance minister.
 
Singapore-based Vital Asia Pte Ltd will supply the LNG to Bangladesh.
 
Bangladesh has been importing LNG from Qatar and Oman under long-term contracts for the last two years.