Bangladesh to Buy Eight LNG Cargoes Directly Amid Energy Concerns

The Bangladeshi government has given approval to directly purchase eight cargoes of liquefied natural gas (LNG) to meet emergency domestic energy needs. The decision was made at a meeting of the Cabinet Committee on Economic Affairs, where four separate proposals from the Energy and Mineral Resources Division were approved.

The committee chose the Direct Procurement Method (DPM) for the LNG purchase instead of open tendering to ensure quick delivery of fuel. Two cargoes each will be procured from four international companies: Blackcube International Ltd (UK), Global Fuel Supplies Pte Ltd (Australia), Plentitude Energy Sdn Bhd (Malaysia), and Maxwell International SPC (Oman).

The government aims to safeguard national energy security and avert a potential gas supply crisis through this direct procurement route. It also approved the import of 5,000 tonnes of liquefied petroleum gas (LPG) from Speed Marketing Corporation under the DPM.