Bangladesh’s Cabinet Committee on Economic Affairs (CCEA) has approved two separate proposals in principle for procuring LNG.
The LNG would come from two importing Bangladesh companies.
Briefing reporters after the meeting virtually, Cabinet Division additional Secretary Md Amin Ul Ahsan said that the CCEA meeting approved four proposals, two of which concerned the LNG purchases.
He said that following two separate proposals from Bangladesh’s Energy and Mineral Resources Division, Petrobangla would procure 1 to 1.5 mill tonnes per year of LNG from Excelerate Energy Bangladesh located at Moheshkhali under a long-term arrangement for 15 years starting from 2026.
The second purchase would involve 1.5 mill tonnes from Summit Oil and Shipping Company also under a 15-year deal beginning in 2026, he said.
