Dhaka, July 1 -- Although the easing of the conflict in West Asia is likely to reduce energy prices, the government has decided to import two cargoes of liquefied natural gas (LNG) from the international spot market at a higher price than last week.

The cost of buying these two LNG cargoes through international quotations has been estimated at Tk 14.37 billion. Last week, Bangladesh had bought the same amount for Tk 13.55 billion, which had come at a slightly lower rate compared to LNG import prices over the past two months.

The proposal for the shipments was partially approved at a meeting of the Cabinet Committee on Government Purchase (CCGP) at the Secretariat on Wednesday. Finance Minister Amir Khosru Mahmud Chowdhury presided over ...