Dhaka: The government has approved a proposal to procure liquefied natural gas (LNG) from Aramco Trading Singapore Pte Ltd. under a short-term Government-to-Government (G2G) arrangement. The decision aims to address the country's increasing energy demands.
According to Bangladesh Sangbad Sangstha, the approval was granted during the 37th meeting of the Advisers Council Committee on Economic Affairs, held at the Cabinet Division Conference Room at Bangladesh Secretariat. The meeting was chaired by Finance Adviser Dr. Salehuddin Ahmed. The Energy and Mineral Resources Division presented the proposal, which involves short-term LNG procurement under Section 68 of the Public Procurement Act, 2006, and relevant provisions of the Public Procurement Rules, 2025.
The Economic Affairs Committee meeting approved a total of four proposals in principle, focusing on key sectors such as commerce, information and communication technology, energy, and shipping. The Cabinet Division reported that the proposals were submitted by the Ministry of Commerce, Information and Communication Technology Division, Energy and Mineral Resources Division, and Ministry of Shipping.
The Committee endorsed a proposal from the Ministry of Commerce for the release of motor vehicles over five years old, purchased through auction. Additionally, a policy approval was recommended for establishing an E-Waste Management Plant at the Kaliakoir Hi-Tech Park in Gazipur under a Public-Private Partnership (PPP) model, as submitted by the Information and Communication Technology Division.
Furthermore, a proposal from the Ministry of Shipping received approval in principle for a concession agreement between Chittagong Port Authority and Denmark's APM Terminals BV. The agreement pertains to the 'Establishment and Operation of Laldia Container Terminal at Chittagong Port through the PPP model.' The project will follow the Design, Build, Finance, Operate and Transfer (DBFOT) framework for 48 years, which includes a 33-year main concession period and a 15-year extension.