The Cabinet Committee on Economic Affairs on Wednesday recommended approval in principle for procuring liquefied natural gas (LNG) from five international suppliers through government-to-government (G2G) and direct procurement methods to help maintain an uninterrupted gas supply in the country.
The recommendations were made at a meeting of the committee held with Finance Minister Amir Khasru Mahmud Chowdhury in the chair.
The Energy and Mineral Resources Division placed two proposals, seeking approval for LNG procurement under the Public Procurement Act, 2006, and the Public Procurement Rules, 2025.
Under the first proposal, the committee recommended approval in principle to process proposals submitted by Cheniere Marketing International LLP and Trafigura Pte Ltd for LNG supply through the G2G method.
The proposal was processed under Section 68 of the Public Procurement Act, 2006, and Rules 99(2) and 107(2) of the Public Procurement Rules, 2025.
The second proposal sought approval to purchase LNG directly from BP Singapore Pte Limited, Sahara Energy Resource Limited and Shell International Trading Middle East Limited FZE.
The Energy and Mineral Resources Division cited the urgent need to maintain normal gas supplies in the national interest as the basis for the proposed direct procurement.
The proposal was brought under Section 68 of the Public Procurement Act, 2006, and Rules 107, 97 and 98 of the Public Procurement Rules, 2025.
The committee recommended approval for the second proposal as well.
The recommendations are intended to facilitate the procurement process for LNG from the five suppliers. However, the proposals did not specify the volumes of LNG to be purchased, contract values or delivery schedules.