Govt approves procurement of 3 LNG cargoes

The government on Tuesday approved procurement of three cargoes of liquefied natural gas (LNG) from the spot market in October 2025.

The decision was taken at a meeting of the Advisers Council Committee on Government Purchase at the Secretariat with Finance Adviser Dr Salehuddin Ahmed in the chair.

The Energy and Mineral Resources Division placed the proposals, with Petrobangla as the implementing agency, seeking approval for the purchase of LNG from TotalEnergies Gas & Power Ltd., United Kingdom, the lowest bidder in each case.

In the first cargo, scheduled to arrive between October 19–20, Petrobangla will import 3.36 million MMBtu of LNG at a price of USD 11.44 per MMBtu, totaling Tk 4.81 billion.

Three companies submitted bids all of which were technically and financially responsive and TotalEnergies emerged as the lowest bidder.

For the second one, expected on October 6–7, four companies submitted bids and TotalEnergies again quoted the lowest price at USD 11.34 per MMBtu.

The 3.36 million MMBtu consignment will cost Tk 4.76 billion.

For the third one, scheduled to arrive on October 28–29, four companies submitted bid and TotalEnergies offered the lowest price of USD 11.54 per MMBtu.

The total cost for importing 3.36 million MMBtu of LNG under this deal will be Tk 4.85 billion.

In all three cases, the Proposal Evaluation Committee (PEC) recommended awarding the supply contracts to TotalEnergies, which has signed a Master Sale and Purchase Agreement (MSPA) with Petrobangla.

Officials said these spot purchases are aimed at meeting Bangladesh’s growing energy demand ahead of winter, when gas consumption typically rises in industries, power plants, and households.