Govt to procure 3 cargoes LNG - News Summed Up

Govt to procure 3 cargoes LNG


File PhotoDHAKA, Mar 11, 2026 (BSS) - In a major step towards ensuring energy security in the country, the government today recommended a proposal for purchasing of three LNG cargoes from the international spot market for delivery in early April of 2026. According to the proposal, Total Energies Gas & Power Ltd., UK, will supply one cargo LNG at US$21.58 per MMBtu, while Posco International Corporation of South Korea will supply two cargoes LNG at US$ 20.76 per MMBtu each. The estimated costs for the LNG cargoes are Tk 907.84 crore, Tk 873.34 crore and Tk 873.34 crore respectively. The committee recommended approval of the LNG procurement proposals to ensure uninterrupted gas supply for power generation and industrial activities in the country. Officials said the government continues to procure LNG from the spot market to meet growing domestic demand and maintain stability in the national energy supply system.


Source: Bangladesh Sangbad Sangstha March 11, 2026 11:49 UTC



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