DHAKA, MAY 23 (V7N) - To ensure an uninterrupted energy supply and maintain agricultural momentum, the government has approved the procurement of three cargoes of liquefied natural gas (LNG) alongside 70,000 metric tons of essential farming fertilizers.

The procurement decisions were finalized during the 23rd meeting of the Cabinet Committee on Government Purchase (CCGP) for the year 2026. The high-level session, held on Saturday at the Cabinet Division conference room inside the Bangladesh Secretariat, was chaired by Finance Minister Amir Khosru Mahmud Chowdhury.

To prevent power cuts and meet industrial fuel demands, the committee approved a proposal from the Energy and Mineral Resources Division to source three massive LNG shipments from the international spot market. The purchases follow a competitive international bidding process aligned with standard Public Procurement Rules.

Delivery Schedule: The three shipments represent the 23rd, 24th, and 25th cargo consignments of the cycle and are scheduled to dock in mid-to-late June 2026.

The Fleet Timeline:

Cargo 1: June 15–16, 2026

Cargo 2: June 21–22, 2026

Cargo 3: June 25–26, 2026

  • Financial Scope: The total procurement cost for the energy package—inclusive of Advance Income Tax (AIT)—is estimated at Tk 2,330.82 crore.

  • Supplier Allocations: South Korea’s Posco International Corporation will supply two of the spot cargoes, while the United Kingdom's TotalEnergies Gas & Power Ltd will deliver the remaining consignment.

The CCGP simultaneously cleared two separate procurement tracks from the Ministry of Industries and the Ministry of Agriculture to secure critical inputs for the upcoming cultivation season.

Fertilizer Type Volume Supplier & Agreement Financial Metrics & Costs
Bagged Granular Urea 30,000 Metric Tons Karnaphuli Fertilizer Company Limited (KAFCO), Bangladesh (15th Lot, FY 2025–26)

Total Cost: Tk 254.52 crore


Rate per Ton: US$688.375 (Includes $683.375 FOB + $5.00 bagging charge)
DAP (Diammonium Phosphate) 40,000 Metric Tons OCP Nutricrops, Morocco (12th Lot, BADC State-Level Agreement)

Total Cost: Tk 434.66 crore


Rate per Ton: US$881.67

Supply Chain Stability: Senior officials noted that prioritizing domestic sourcing from KAFCO alongside a reliable state-level contract with Morocco is intended to shield local farmers from sudden price shocks in the global agricultural supply chain.

All three approved projects will move immediately into implementation to match the tightly scheduled June delivery deadlines.

END/AJ/RH/