Bangladesh government has decided to buy a cargo of liquefied natural gas from JERA Company of Japan at ‘spot market’ rate in an effort to rapidly increase fuel supply and power generation.
The total cost of the shipment will be Tk 6.9 billion. State-run Parivarthana Natural Gas, a company under Petrobangla, will buy 3.36 trillion BTU of LNG at $16.5 per unit, according to Syed Mehboob Khan, additional secretary of the Cabinet Division.
The proposal was one of six passed by the Cabinet Committee on Public Procurement at a meeting on Wednesday led by Finance Minister AHM Mustafa Kamal.