Bangladesh Approves Import of Three LNG Cargoes from Singapore at Cost of Tk2,186 Crore

The government has approved the import of three cargoes of liquefied natural gas (LNG) from Singapore-based suppliers through the international spot market, with the total procurement cost estimated at more than Tk2,186 crore. The decision comes as Bangladesh continues efforts to ensure uninterrupted energy supply amid growing domestic demand and pressure on the power sector.

The approval was given during a meeting of the Cabinet Committee on Government Purchase held at the Secretariat on Thursday (7 May). The meeting was chaired by Finance Minister Amir Khasru Mahmud Chowdhury. According to officials familiar with the proceedings, the proposal was submitted by the Energy and Mineral Resources Division and approved under Rule 105(3)(a) of the Public Procurement Rules 2025 through an international quotation collection process.
 

Officials said the LNG cargoes are scheduled to arrive in Bangladesh during three separate delivery windows in June. The shipments are expected between 8–9 June, 9–10 June, and 14–15 June, respectively. The imported LNG will be used to support the country’s natural gas supply network and help maintain electricity generation capacity during periods of increased consumption.

The three suppliers selected for the procurement are Singapore-based energy trading firms Vitol Asia Private Limited, BP Singapore Private Limited, and Gunvor Singapore Private Limited. These companies are among the major participants in the global LNG trading market and regularly supply fuel to countries across Asia.
 

According to meeting sources, the combined cost of importing the three LNG cargoes has been fixed at Tk2,186 crore 35 lakh 48 thousand 224. The government believes the imports are necessary to stabilize energy availability and reduce the risk of supply shortages in the coming months.
 

Bangladesh has increasingly relied on LNG imports in recent years to meet its growing energy needs as domestic gas production struggles to keep pace with rising demand from industries, power plants, and households. Authorities have also been focusing on diversifying fuel sources and strengthening energy security through both long-term agreements and spot market purchases.

Energy sector analysts say the latest procurement reflects the government’s continued strategy to secure fuel supplies despite volatility in the international energy market. They also note that maintaining adequate LNG reserves remains essential for sustaining industrial production and overall economic activity.