Government Approves Plan to Import 117 LNG Cargoes from US
The government has approved the purchase of 123 LNG cargoes from four companies to meet the country’s urgent gas demand amid geopolitical tensions and instability in international energy markets. Of the total, 117 cargoes will be purchased from US-based Ganbar USA LLC under a government-to-government (G2G) agreement over 2026–2038. The remaining six cargoes will be bought directly from three companies in the UK, Oman and Hong Kong.
The approvals were given at a meeting of the Cabinet Committee on Government Procurement on Wednesday, chaired by Finance Minister Amir Khosru Mahmud Chowdhury. The Energy and Mineral Resources Division placed the proposals. Under the G2G agreement, Bangladesh will buy five LNG cargoes in 2026, six in 2027 and three in 2028 at $0.875 per MMBTU plus the JKM index. Another three cargoes will be purchased in 2028, followed by 10 cargoes annually from 2029 to 2038.
For these later supplies, the price will be based on 121% of the Henry Hub (HH) index plus $5.20 per MMBTU. The committee also approved the purchase of two LNG cargoes from UK-based Blackcube International Limited at $15.50 per MMBTU. Two more cargoes will be bought from Oman’s Maxwell International SPC at $0.54 per MMBTU plus the JKM index. In addition, two LNG cargoes will be purchased from Hong Kong-based Zhenyu Shipping Company Limited in 2026 at a recommended price of $14.95 per MMBTU.
The Energy and Mineral Resources Division said securing a stable fuel supply has become urgent due to volatility in the international market and ongoing geopolitical tensions. The government is therefore taking both short- and long-term measures to meet domestic gas demand.
Essential Food Purchases
The same meeting also approved the purchase of sugar, refined soybean oil and lentils worth Tk 519 crore 37 lakh 72 thousand 500. The government will spend Tk 157 crore 86 lakh 22 thousand 500 to purchase 25,000 metric tonnes of sugar at $514 per tonne. Indonesia’s PT Trinity Chahya Energy has been recommended as the supplier.
Another Tk 282 crore 55 lakh 50 thousand will be spent to buy 20 million litres of refined soybean oil at $1.150 per litre. PT Trinity Chahya Energy has also been recommended for this supply. The committee approved the purchase of 10,000 metric tonnes of lentils for Tk 78 crore 96 lakh. The price has been set at Tk 78.96 per kg, with Nabil Naba Foods Limited of Paba, Rajshahi, recommended as the supplier.
A proposal to purchase 20 million litres of refined palm olein in two-litre PET bottles was withdrawn from the meeting following a request from the Commerce Ministry. No price was approved for the proposal.
