The government on Wednesday approved a proposal in principle for procuring LNG from Aramco Trading Singapore Pte Ltd under a short-term arrangement on a Government-to-Government (G2G) basis to meet the country’s growing demand for energy.
The approval came from the 37th meeting of the Advisers Council Committee on Economic Affairs this year, held on Wednesday at the Cabinet Division Conference Room at Bangladesh Secretariat, with Finance Adviser Dr Salehuddin Ahmed in the chair.
Placed by the Energy and Mineral Resources Division, the meeting approved the proposal, which sought processing on short-term LNG procurement, on a Government-to-Government (G2G) basis, from Aramco Trading Singapore Pte Ltd under Section 68 of the Public Procurement Act, 2006, and relevant provisions of the Public Procurement Rules, 2025.
The day’s Economic Affairs Committee meeting approved a total of four proposals in principle covering key sectors, including commerce, information and communication technology, energy, and shipping.
According to the Cabinet Division, the proposals were submitted by the Ministry of Commerce, Information and Communication Technology Division, Energy and Mineral Resources Division, and the Ministry of Shipping.
The Committee endorsed a proposal in principle for the release of motor vehicles over five years old purchased through auction, as proposed by the Ministry of Commerce.
It also recommended policy approval for setting up an E-Waste Management Plant at the Kaliakoir Hi-Tech Park in Gazipur under a Public-Private Partnership (PPP) model, submitted by the Information and Communication Technology Division.
Besides, following a proposal from the Ministry of Shipping, the meeting also gave approval in principle to the concession agreement between Chittagong Port Authority and Denmark’s APM Terminals BV for implementing the “Establishment and Operation of Laldia Container Terminal at Chittagong Port through the PPP model.”
The project will be executed under the Design, Build, Finance, Operate and Transfer (DBFOT) framework for 48 years, including a 33-year main concession period and a 15-year extension.
