Bangladesh Approves Direct Procurement of LNG, LPG, Electric Buses Amid Geopolitical Uncertainty

The Cabinet Committee on Economic Affairs has given in-principle approval to directly procure eight liquefied natural gas (LNG) cargoes, 5,000 tonnes of liquefied petroleum gas (LPG), and 200 electric buses for the Bangladesh Road Transport Corporation (BRTC).

The approvals came at a meeting chaired by Finance Minister Amir Khosru Mahmud Chowdhury, where four separate proposals were approved to procure eight LNG cargoes from international markets through direct procurement.

Two LNG cargoes each will be purchased from Blackcube International Limited and Global Fuel Supplies Pte Ltd, while one cargo each will come from Plenitude Energy Sdn Bhd and Maxwell International SPC. The LPG will be sourced from Speed Marketing Corporation at Saudi Aramco Contract Price plus $97 per metric tonne.

The direct procurement of 200 electric buses for BRTC was also approved under a government-funded proposal submitted by the Road Transport and Highways Division. The project includes installation of charging stations and construction of related infrastructure.