The Bangladeshi Government has chosen to buy 24 cargoes of liquefied natural gas (LNG) from Gunvor Singapore Pvt Ltd., under a short-term contract for the first time to handle the rising domestic gas demand. The price of each cargo, which will have 33.60 lakh mmbtu (million British thermal units) of LNG, will be established using the JKM (Japan Korea Marker) index.
On 27th March, the Cabinet Committee on Economic Affairs gave preliminary approval to the purchase proposal that the Energy Division submitted on 13th March.
The Singapore-based business suggested to the Energy Division earlier on 10th January that it supply 12 cargoes this year and 12 cargoes in 2025.
On 4th March, Prime Minister Sheikh Hasina, who is also the Minister of Power, Energy, and Mineral Resources, approved the procurement proposal process.
Currently, the Government purchases spot LNG from 23 global companies, including Gunvor Singapore Ltd., through tendering and long-term contracts from Qatar and Oman.
On 23rd January, the cabinet committee on Government purchases authorised the procurement of an LNG cargo from Switzerland’s Total Energies Gas & Power Ltd at a rate of US $ 10.88 per mmbtu.
April is expected to see the arrival of further spot cargo from Gunvor Singapore Ltd., for which the Government is paying US $ 9.37 per mmbtu.
In addition to spot LNG, the Energy Division also purchases LNG through long-term contracts from Oman and Qatar. The two LNG terminals located at Maheshkhali in Cox’s Bazar process and supply the LNG to the national grid.
The purchase of 24 cargoes from Gunvor Singapore represents the nation’s first two-year deal for LNG procurement.
Bharat Tex Special Report 2026 
