Govt to Procure 3 Cargoes of LNG and 70,000 Metric Tons of Fertilizer

Rtv News

Publish : 24 May 2026, 08:52 AM

File Photo

To ensure an uninterrupted supply of fuel and fertilizer in the country, the government has approved separate proposals to procure three cargoes of Liquefied Natural Gas (LNG) from the spot market and 70,000 metric tons of fertilizer.

The approvals were given during the 23rd meeting of the Cabinet Committee on Government Purchase (CCGP) for the year 2026, held on Saturday (May 23) in the conference room of the Cabinet Division at the Secretariat.

Finance Minister Amir Khasru Mahmud Chowdhury presided over the meeting, where three procurement proposals were presented and discussed.

The committee recommended the approval of a proposal from the Energy and Mineral Resources Division. Under this proposal, three cargoes of LNG will be purchased from the international spot market by collecting international quotations in accordance with Rule 105(3)(a) of the Public Procurement Rules, 2025.

The LNG cargoes are scheduled to be delivered between June 15–16, June 21–22, and June 25–26, 2026, marking the 23rd, 24th, and 25th cargo shipments, respectively.

The total procurement cost, including Advance Income Tax (AIT), is estimated at Taka 2,330.82 crore.

According to the proposal, two cargoes of LNG will be purchased from South Korea’s POSCO International Corporation, and one cargo will be procured from TotalEnergies Gas & Power Limited of the United Kingdom.

Fertilizer Procurement
The committee also recommended the approval of a proposal from the Ministry of Industries. Under this, 30,000 metric tons of bagged granular urea fertilizer will be imported from Karnaphuli Fertilizer Company Limited (KAFCO), Bangladesh, as the 15th lot for the 2025–26 fiscal year.

The total expenditure for this procurement has been fixed at Taka 254.52 crore. The price per metric ton is set at USD 688.375, which includes a Free on Board (FOB) price of USD 683.375 and a bagging cost of USD 5.

Related officials stated that this fertilizer is being collected from KAFCO, Bangladesh, to maintain a stable supply of fertilizer in the agricultural sector.

Meanwhile, the committee recommended the approval of another proposal from the Ministry of Agriculture. Under a state-level agreement with the Bangladesh Agricultural Development Corporation (BADC), 40,000 metric tons of DAP (Di-ammonium Phosphate) fertilizer will be imported from Morocco's OCP Nutricrops in the 12th (optional 4th) lot.

The proposed cost for importing the DAP fertilizer is estimated at Taka 434.66 crore, with the price per metric ton fixed at USD 881.67.
Source: BSS

Follow google news channel to get RTV news Google News

Related More News

Royal Enfield Bangladesh Celebrates 9000+ Classic 350 Milestone with 'Ride for Smiles'

Celebrating the milestone of exceeding 9,000 Classic 350 riders across Bangladesh and making the passion for motorcycling more impactful, Royal Enfield Bangladesh organized a unique social outreach campaign titled ‘Classic 350 Ride for Smiles’ on Saturday.

Oil Rises and Stocks Fall as Hormuz Worries Flare

Oil prices rose Wednesday and stocks fell amid fresh concerns about Middle East supplies following a warning that Iran appeared to be stepping up attacks in the Strait of Hormuz.

Chattogram Port Operations to Go Fully Digital by December

In a major push to modernize maritime trade, the Chattogram Port Authority (CPA) has undertaken a comprehensive digital transformation initiative to convert all operations of the Chattogram Port—the primary gateway for Bangladesh's foreign maritime trade—into a fully paperless and "smart" port by December.

World Bank to Provide $300m for Food Security; Deal Signed

A financing agreement was signed today between the Government of Bangladesh and the International Development Association (IDA) of the World Bank Group for an amount of Special Drawing Rights (SDR) 219,200,000.00 equivalent to $300.00 million to implement the "Emergency Support for Food Security Project".

BERC Raises LPG Rates amid Acute Shortages and Skyrocketing Retail Prices

Consumers across the country are facing growing anxiety following the latest Liquefied Petroleum Gas (LPG) price hike, as severe supply shortages persist nationwide and 12-kg cylinders are being sold for BDT 2,200 to BDT 2,500 in areas where gas remains available—substantially exceeding the newly adjusted official rate of BDT 1,837.