The advisory committee on government procurement has authorised the import of two cargoes of liquefied natural gas (LNG) from the spot market in order to secure energy supplies. At a recent meeting, it was decided that MS TotalEnergies Gas & Power Ltd., based in Switzerland, would provide the LNG cargoes.
MS TotalEnergies Gas & Power Ltd., a Swiss company, has been given the contracts. The first cargo is priced at US $ 13.94 per million British thermal units (MMBtu), while the second cargo is priced at US $ 13.57 per MMBtu. There is an approximate investment of Taka 657.61 crore for the first consignment and Taka 640.15 crore for the second, with each shipment containing 3.36 million MMBtu.
Transparency and competitive pricing were guaranteed by the procurement process’ adherence to the Public Procurement Rules of 2008. The operating efficiency of RMG facilities, which mostly depend on continuous electricity and steam for industrial operations, is anticipated to be improved by the steady supply of LNG.
Salehuddin Ahmed, a finance adviser, attended the meeting virtually from the United States, where he attends the World Bank and International Monetary Fund’s annual meetings.