The government is buying LNG from the US

Jumbangla Desk: Approved to purchase one cargo (3.36 million mmbtu) of LNG from US-based MS Accelerate Energy LP. The Cabinet Committee on Procurement meeting approved the purchase of LNG at the rate of $13.69 per unit on Thursday.

After the government decided to reduce the gas crisis by bringing LNG from the open market, the price of the product has also come down in the global market. As a result, state-owned company Petrobangla is becoming more confident about maintaining normal gas supply by increasing the supply of open market LNG until next June.

After the meeting, Additional Secretary of the Cabinet Division, Syed Mahbub Khan, said that according to Petrobangla’s proposal, it will cost 578 crore 65 lakh 25 thousand 122 taka to buy this LNG. The price per unit or per MMBTU has fallen to $13.69. The previous purchase price was $14.66. The government started buying LNG from Kholabazar at the beginning of last February after a gap of eight months.

The price of the first purchase was around $20 per unit. After that the price is gradually decreasing. Meanwhile, Chairman of Petrobangla Janendranath Sarkar said in an exchange of views with journalists on the same day, ‘They have received the government’s green signal to buy 12 cargoes of LNG from Kholabazar by next June. In this case, they also want to buy two, three or even four cargoes of LNG if needed in a month.’

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Apart from this, the Trading Corporation of Bangladesh or TCB under the Ministry of Commerce has received approval to buy eight thousand tons of lentils from India’s Uma Expo for 72 crore 91 lakh 20 thousand taka through international tender. The price per kg has fallen to Tk 91.14.

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