Govt finally goes for US LNG at jacked-up price
Bangladesh, Aug. 12 -- Bangladesh is set to buy 117 cargos of liquefied natural gas (LNG) from an American company over 13 years under government-to-government (G-to-G) arrangement, as the much-talked-about bilateral trade agreement works.
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The Cabinet Committee on Government Purchase (CCGP) Wednesday approved a proposal on the gas buy under the long-term deal from Gunvor USA LLC, a Texas-based privately owned company.
Headed by Finance Minister Amir Khosru Mahmud Chowdhury, the purchase body, however, did not make it clear how G-to-G arrangement can be done with a private commercial enterprise.
Officials say the interim government, shortly before leaving office in February, signed with the United States a reciprocal trad...
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