Petrobangla to import 3.360 MMBTU of LNG from Vitol Asia

The Cabinet Committee on Public Purchase on Wednesaday approved four proposals, including import of LNG by Petrobangla..

The approval came at an on-line meeting chaired by Finance Minister AHM Mustafa Kamal.

As per the proposals, the state-owned Petrobangla will import 3.360 million MMBTU (million British thermal unit) of liquified natural gas (LNG) from Vitol Asia Pte Ltd, Singapore, at a total cost of Tk 1004.69 crore.

The bulk LNG will be imported from the international spot market of which each MMBTU will cost $29.70.

The Directorate of Food will import 50,000 metric tons of wheat from Agrocorp International Pte Ltd at a cost of Tk 168.09 crore. Each metric ton of wheat will cost $390.92.

The supplier was selected through international quotation.

The Mongla Port Authority will procure a buoy laying vessel and required equipment along with expert services from Karnafuly Ship Builders Ltd at a cost of Tk 119.68 crore.

The Karnafuly will supply the vessel, equipment and services as a lone bidder.

The Roads and Highway Department will award a contract to National Development Engineers Ltd for upgrading a part of the Elenga Hatikamrul -Rongpur Highway into four lane under the package No-WP-15 at a cost of Tk 151.96 crore.

Separately, the Cabinet Committee on Economic Affairs (CCEA) approved three proposals.

Under the proposals a contract will be signed with Bangladesh SEZ Ltd for development of 1000 acres of land at Araihazar upazila of the Narayanganj district for Japanese investors and also operation of the economic zone.

The Bangladesh SEZ Ltd is a joint venture company of the Bangladesh Economic Zones Authority (BEZA) and the Japanese firm Sumitomo Corporation.

The new company was formed as part of the contract signed between the Bangladesh Government and the Government of Japan to set up an economic zon for Japanese investors.

The CCEA approved a proposal of the Bangladesh Power Development Board (BPDB) to procure spare and consumable parts and schedule maintainable works for Ghorasal 365 MW combined cycle through direct procurement method (DPM).

A proposal of the agriculture ministry received the nod of the committee to appoint a event management company through direct procurement method for arranging the 36th Regional Conference for Asia and the Pacific (APRC).

Source: United News of Bangladesh