Govt approves direct LNG procurement from four foreign suppliers
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Govt approves direct LNG procurement from four foreign suppliers

Govt approves direct LNG procurement from four foreign suppliers
Photo: Collected


The Cabinet Committee on Economic Affairs on Thursday approved for the direct procurement of liquefied natural gas (LNG) from four international suppliers including Japan’s JERA Global Markets Pte Ltd to meet the country’s energy demand.

The committee also approved policy for reducing the tender submission period for the purchase of 6,200 tonnes of dates for the holy month of Ramadan in 2027 and for installing mobile network coverage at the third terminal of Hazrat Shahjalal International Airport.

Finance Minister Amir Khosru Mahmud Chowdhury presided over the meeting held at the Secretariat.

The committee recommended policy approval for purchasing LNG directly from JERA Global Markets Pte Ltd (JERAGM) of Japan under Section 68 of the Public Procurement Act, 2006 and Rule 99(2) of the Public Procurement Rules, 2025.

The proposal also includes signing the finalised format of the short-term LNG Sale and Purchase Agreement (SPA) and term sheet between Petrobangla and JERAGM.

The committee separately recommended policy approval for direct procurement of LNG from ADNOC Trading Ltd of the UAE under the same legal provisions.

It also recommended direct procurement of LNG from Ojimadu & Marites Oil Marketing Nigeria Ltd and Uzzy Gems Beehive.

The Energy and Mineral Resources Division placed all three LNG procurement proposals.

In another decision, the committee recommended reducing the time allowed for preparing and submitting tenders for the purchase of 6,200 metric tonnes of dates through international open tender for Ramadan 2027.

The Commerce Ministry placed the proposal under Rule 102(1) (a) of the Public Procurement Rules, 2025, citing the state’s urgent requirements.

The committee also approved policy approval for following the direct procurement method to install mobile network coverage at the third terminal of Hazrat Shahjalal International Airport under the project titled “Installation of Mobile Network at Hazrat Shahjalal International Airport Third Terminal”.

The Posts and Telecommunications Division placed the proposal.

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