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Purchase body approves import of LNG, fertilisers

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Finance Adviser Dr Salehuddin Ahmed said that the proposals were approved as part of the government's measures to ensure available supply of fertiliser and gas

UNB

Publisted at 4:24 PM, Wed Oct 2nd, 2024

Advisers Council Committee on Government Purchase (ACCGP) on Wednesday (2 October) approved a total of 7 proposals including that of the import of LNG and fertilisers.

Finance Adviser Dr Salehuddin Ahmed, who presided over the meeting, said that the proposals were approved as part of the government's measures to ensure available supply of fertiliser and gas.

"We hope there will be no shortage of fertiliser supply this season and the government is trying to mitigate the gas shortage through the LNG import,” he told reporters soon after the meeting.

As per the proposal moved by the Energy and Mineral Resources Division, state-owned Petrobangla will import 2 cargos of LNG (liquefied natural gas) from Singapore-based Gunvor Singapore Pte, Ltd at the international spot market.

The first cargo, having 33.66 lakh metric tons of MMBtu will cost at  Tk640.15 crore with each MMBtu at $13.57 while the second cargo, having the same quantity, will cost Tk649,59 crore with each MMBtu at $13.77.

The Ministry of Industries' two proposals, which it moved on behalf of Bangladesh Chemical Industries Corporation (BCIC) to import fertiliser, received the approval.    

The BCIC will import 30,000MT of bulk granular urea from SABIC Agri-nutrients Company of Saudi Arabia at a cost of Tk124.67 crore with each MT at $346.33 while 30,000MT of bagged granular urea will be procured from Karnaphuli Fertiliser Company Limited (Kafco) at a cost Tk120.78 crore with each MT at $335.50.

The committee approved another proposal of the BCIC to cancel a tender for the construction of 2 buffer godowns at Netrokona and Mymensingh.

The committee approved two proposals of the Agriculture Ministry to import fertiliser.

Of these, the Bangladesh Agriculture Development Corporation will import 30,000MT of TSP fertiliser from OCP S.A of Morocco at Tk149.40 crore with each MT at $415.

Besides, the BADC will import 40,000MT of DAP fertiliser from Ma'aden of Saudi Arabia at a cost of Tk278.88  crore with each MT at $581.

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