The proposal also includes signing the finalised short-term LNG Sale and Purchase Agreement (SPA) and term sheet between Petrobangla and JERAGM.
An LNG carrier at sea. Photo: Courtesy
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An LNG carrier at sea. Photo: Courtesy
The Cabinet Committee on Economic Affairs today (12 November) approved the direct procurement of liquefied natural gas (LNG) from four international suppliers, including Japan’s JERA Global Markets Pte Ltd, to meet the country’s energy demand.
The committee also approved a policy to reduce the tender submission period for the purchase of 6,200 tonnes of dates for Ramadan 2027 and to install mobile network coverage at the third terminal of Hazrat Shahjalal International Airport.
Finance Minister Amir Khosru Mahmud Chowdhury presided over the meeting, held at the Secretariat.
The committee recommended policy approval for the direct purchase of LNG from Japan’s JERA Global Markets Pte Ltd (JERAGM) under Section 68 of the Public Procurement Act, 2006, and Rule 99(2) of the Public Procurement Rules, 2025.
The proposal also includes signing the finalised short-term LNG Sale and Purchase Agreement (SPA) and term sheet between Petrobangla and JERAGM.
The committee separately recommended policy approval for the direct procurement of LNG from the UAE’s ADNOC Trading Ltd under the same legal provisions.
It also recommended direct procurement of LNG from Ojimadu & Marites Oil Marketing Nigeria Ltd and Uzzy Gems Beehive.
The Energy and Mineral Resources Division placed all three LNG procurement proposals.
In another decision, the committee recommended reducing the time allowed for preparing and submitting tenders for the purchase of 6,200 tonnes of dates through an international open tender for Ramadan 2027.
The Commerce Ministry placed the proposal under Rule 102(1)(a) of the Public Procurement Rules, 2025, citing the state’s urgent requirements.
The committee also approved the direct procurement method for installing mobile network coverage at the third terminal of Hazrat Shahjalal International Airport under the project titled “Installation of Mobile Network at Hazrat Shahjalal International Airport Third Terminal”.
The Posts and Telecommunications Division placed the proposal.
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