Commodities
Bangladesh Directly Buys Eight LNG Cargoes Amid Emergency Energy Needs
The Bangladesh government has approved in principle direct procurement of eight liquefied natural gas (LNG) cargoes to meet emergency domestic energy needs.
The approval came at the 24th meeting of the Cabinet Committee on Economic Affairs, where four separate proposals from the Energy and Mineral Resources Division were approved.
Two LNG cargoes each will be procured from UK-based Blackcube International Ltd., Australia-based Global Fuel Supplies Pte. Ltd., Malaysia-based Plentitude Energy Sdn Bhd, and Oman-based Maxwell International SPC.
The committee also approved a proposal to import 5,000 tonnes of liquefied petroleum gas (LPG) from Speed Marketing Corporation under the direct procurement method.