• Saturday, Nov 17, 2018
  • Last Update : 05:35 pm

Cabinet body nods to import LNG from Oman

  • Published at 01:11 am April 19th, 2018
Cabinet body nods to import LNG from Oman
The Cabinet Committee on Public Purchase approved some 10 proposals including the import of liquefied natural gas (LNG) from Oman on a government-to-government deal on Wednesday. Oman Trading International will initially supply 1 million tons per annum (Mtpa) of LNG with a price formula of “11.9% Brent plus $0.40 per MMbtu” for a period of 10 years. The government will import the LNG and re-gasify through two LNG terminals - Summit’s FSRU and EEBL’s FSRU - before supplying to the national gas network. Bangladesh will make the payments for the LNG to Oman within 25 days of the delivery. The Cabinet body, with Industries Minister Amir Hossain Amu at the helm, gave his approval to the proposals. A proposal by the Health and Family Planning Ministry for the construction of a super specialized hospital at Bangabandhu Sheikh Mujib Medical University (BSMMU) also received the nod of the committee. South Korean Hyundai Development Company (HDC) won the contract to build the hospital at a cost of Tk566.21 crore. The Cabinet body approved another proposal to import 10 meter gauge diesel electric locomotives from South Korea. South Korean company Hyundai Rotem will supply the locomotives at a contract value of about Tk400 crore. A proposal for carrying out dredging in a 4.7km area in the Padma River and the addition of 4km of river bank protection under the Rajshahi City Protection Project received the approval of the committee. Bangladesh Navy won the contract to implement the job at a cost of Tk328.96 crore under the direct procurement method. The other proposals approved by the Cabinet body, included a contract award for the waterline construction works of Chattagram WASA and a consultant appointment for gas well drilling works at a cost of Tk213.48 crore.