The government has moved to buy five cargoes of liquefied natural gas through international tenders to meet domestic energy demand, at an estimated cost of about Tk1,100 crore. The Energy and Mineral Resources Division’s proposal was placed before the Cabinet Committee on Government Purchase for approval. The LNG is planned for delivery in August and September 2026 through an international quotation collection process.

The proposed delivery windows are August 23-24, August 26-27, August 29-30, September 1-2 and September 4-5, with one cargo scheduled for each period. The proposal names UK-based Blackcube International Limited and Oman-based Maxwell International SPC as the lowest bidders. Prices were determined using Platts’ published Japan Korea Marker, or JKM, energy price index.

For deliveries on August 23-24 and September 4-5, prices were set at $21.88 and $21.78 per MMBtu respectively, with the two cargoes valued at about Tk540 crore. Separate proposals also considered three additional LNG cargoes for August. Officials said a $15.50-per-MMBtu rate for deliveries on August 17-18 and August 22-23 reflected market conditions, high spot-market prices, supply risks and negotiations. Imports will begin quickly if approved.