17 firms short listed for buying LNG

Govt approves master sale and purchase agreement; selects 17 companies out of 43
Finance Minister AHM Mustafa Kamal briefing journalists after a meeting at the Cabinet Division on August 28, 2019. Photo: Rejaul Karim Byron

The government has short listed 17 companies for buying liquefied natural gas (LNG).

Cabinet committee on economic affairs approved a master sale and purchase agreement in connection to the purchase, Finance Minister AHM Mustafa Kamal told journalist at the Secretariat in Dhaka this afternoon.

Out of 43 companies' Expressions of Interest (EOI), the cabinet committee has selected the 17 companies, the minister said adding that the purchase will be made at a spot market.

The decision was taken in a meeting at the cabinet division, Kamal said.

The government started importing liquefied natural gas (LNG) in August last year in the face of falling domestic production.

Since then, the government has spent Tk 14,000 crore to subsidise the import, he said, adding that the price of imported gas was much higher than that produced locally.

Gas production cost stands at Tk 14 per cubic metre, after the imported LNG is mixed with the locally produced gas. At the moment, the government sells it at Tk 7.17.


২ ঘণ্টা আগে|শিক্ষা

‘চলমান মেগা প্রকল্পগুলো শেষ হলে, শিক্ষাখাতে মেগাপ্রকল্প শুরু করা যাবে’

শিক্ষামন্ত্রী দীপু মনি বলেছেন, 'আমাদের যে মেগা প্রকল্পগুলো চলছে, সেগুলোর কাজ শেষ হলে আমি বিশ্বাস করি শিক্ষাখাতে মেগা প্রকল্পের কাজ শুরু করা যাবে। শিক্ষাই হবে আমাদের মেগাপ্রজেক্ট।'