The Cabinet Committee on Economic Affairs on Tuesday approved a proposal to shorten the tender submission period for importing refined petroleum products.
It also approved another proposal to process a liquefied natural gas (LNG) supply deal with Gunvor USA LLC through the government-to-government (G2G) route.
Both the proposals came from the Energy and Mineral Resources Division.
Finance Minister Amir Khasru Mahmud Chowdhury presided over the meeting held at the Bangladesh Secretariat.
The committee gave the nod to the proposal for reducing the tender preparation and submission period from 42 days to 21 days for the import of refined petroleum products by the Bangladesh Petroleum Corporation (BPC) through open international tender for the September to December 2026 period.
According to the proposal, the shortened timeframe is intended to facilitate the timely completion of the procurement process for refined fuel imports during the specified period.
The committee also approved a proposal submitted by Gunvor USA LLC for the supply of LNG to Bangladesh in both the short and long term through the government-to-government (G2G) procurement method.
Both proposals were placed before the committee by the Energy and Mineral Resources Division.
