Bangladesh Cabinet Approves Direct LNG Procurement from Four International Suppliers

Bangladesh Cabinet Approves Direct LNG Procurement from Four International Suppliers The Cabinet Committee on Economic Affairs on Thursday approved the direct procurement of liquefied natural gas (LNG) from four international suppliers to meet the country's energy demand. The committee also recommended policy approval for purchasing LNG directly from JERA Global Markets Pte Ltd of Japan under Section 68 of the Public Procurement Act, 2006 and Rule 99(2) of the Public Procurement Rules, 2025. Finance Minister Amir Khasru Mahmud Chowdhury presided over the meeting held at the Secretariat. The committee recommended policy approval for direct procurement of LNG from ADNOC Trading Ltd of the UAE and from Ojimadu & Marites Oil Marketing Nigeria Ltd and Uzzy Gems Beehive. In another decision, the committee recommended reducing the time allowed for preparing and submitting tenders for the purchase of 6,200 metric 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. The committee also approved policy approval for following the direct procurement method to install 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'. Bangladesh's energy sector continues to prioritize strategic partnerships to ensure reliable power supply. The LNG procurement decision reflects the nation's commitment to diversifying energy sources and meeting growing domestic demand. This move aligns with broader infrastructure development goals and supports economic stability. The approval of direct procurement from multiple international suppliers demonstrates Bangladesh's proactive approach to energy security. By engaging with partners from Japan, the UAE, Nigeria, and other regions, the country strengthens its supply chain resilience. The policy framework ensures compliance with national procurement laws while facilitating efficient energy transitions.

Why it matters

The article demonstrates Bangladesh's strategic approach to energy security through direct international procurement, reflecting the nation's commitment to sustainable infrastructure development and economic resilience.