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Dhaka Tuesday,  Jul 23, 2024

Excelerate Energy Of US To Supply LNG

The government on Wednesday approved a proposal from the Petrobangla to import one cargo of liquefied natural gas from spot market through a US firm.

The decision was taken at a meeting of the cabinet committee on government purchase presided over by finance minister AHM Mustafa Kamal virtually.

Excelerate Energy LP of the United States will supply 33.60 lakh MMBTU LNG, with per unit costing $13.9, said additional cabinet secretary Sayed Mahbub Khan at a post-meeting online briefing.

The committees also approved other proposals including procurement of fertiliser, drug, sugar and soya bean oil.

Bangladesh Chemical Industries Corporation will purchase 30,000 tonnes of bagged granular urea from Karnaphuli Fertiliser Company Limited, with per tonne costing $319.87.

It will also purchase the same amount of bulk granular urea from the United Arab Emirates, with per tonne costing $319.87.

Another same amount of bagged granular urea will be imported by the BCIC from Qatar, with per tonne costing $303.33.

Mahbub Khan said that two other proposals were also submitted.

One of them was to purchase 12,500 tonnes of sugar by the Trading Corporation of Bangladesh from a Singapore-based supplier through an open tender, with per tonne costing $477.9.

The other was to purchase of 80 lakh tonnes of soya bean oil to be supplied by City Edible Oil Limited. The price of per litre has been estimated at Tk 161.37.

A meeting of the cabinet committee on economic affairs held earlier was also presided over by the finance minister.

The committee agreed in principle on a proposal from the Petrobangla to establish the third liquefied natural gas terminal by Summit Oil and Shipping Co Ltd.

The regasification capacity of the proposed terminal at Moheskhali would be 600 million cubic feet LNG per day.

Mahbub Khan, however, could not give any detail regarding the completion period of the terminal and its establishment cost.

The country has already two LNG terminals.

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