United Commercial Bank (UCB)

Dhaka, Sunday

03 July 2022

Business Insider Bangladesh

Purchase of LNG worth Tk 887cr gets nod

BI Report || BusinessInsider

Published: 20:06, 26 May 2022  
Purchase of LNG worth Tk 887cr gets nod

Photo: Representational

A cabinet committee meeting on public purchases on Thursday approved a proposal for importing 33.60 lakh MMBtu of liquefied natural gas at Tk 886.76 crore.

The price per MMBtu LNG will be $25.75, said Cabinet Division Additional Secretary Zillur Rahman Chowdhury, in a virtual briefing.

M/S Vitol Asia Pte Ltd of Singapore has been awarded the job to export the LNG to Petrobangla, he said.

He also said the price of per MMBtu LNG was at least a dollar lower than the last purchase.

The meeting presided over by Finance Minister AHM Mustafa Kamal also approved a proposal of the Ministry of Industry for procuring 30,000 tonnes of granular urea fertiliser from Karnaphuli Chemical Fertiliser Limited at Tk 174.62 crore with per ton costing $671.   

Zillur Rahman said the price of urea is down to $671 from $805 a tonne.

He said everybody will be free from panicking seeing this lower prices of LNG and urea fertiliser amid the war in Europe that created a supply crunch of various commodities.


Monetary Policy Stance
Budget 2020-21
Islami Bank Bangladesh Ltd