, Aug. 19 -- The government on Tuesday approved procurement of three cargoes of liquefied natural gas (LNG) from the spot market in October 2025.

The decision was taken at a meeting of the Advisers Council Committee on Government Purchase at the Secretariat with Finance Adviser Dr Salehuddin Ahmed in the chair.

The Energy and Mineral Resources Division placed the proposals, with Petrobangla as the implementing agency, seeking approval for the purchase of LNG from TotalEnergies Gas & Power Ltd., United Kingdom, the lowest bidder in each case.

In the first cargo, scheduled to arrive between October 19-20, Petrobangla will import 3.36 million MMBtu of LNG at a price of USD 11.44 per MMBtu, totaling Tk 480.67 crore.

Three companies submit...