The Cabinet Committee on Government Purchase (CCGP) on Monday approved a proposal to procure two cargoes of liquefied natural gas (LNG) for delivery in September at prices of more than US$24 per million British thermal units (MMBtu).

The approval was given at a meeting of the committee held at Secretariat with Finance Minister Amir Khasru Mahmud Chowdhury in the chair.

Under the approved proposal, Posco International Corporation, South Korea's largest trading company, will supply one LNG cargo for delivery on September 13-14 at US$24.625 per MMBtu.

Another cargo will be supplied by TotalEnergies Gas & Power Ltd, UK, for delivery on September 23-24 at US$24.25 per MMBtu.

The Ministry of Power, Energy and Mineral Resources placed the proposal before the committee under Rule 105(3)(a) of the Public Procurement Rules 2025 through the Request for Quotation (International) process.

The committee approved the proposal following consideration of the procurement process and the recommended bidders.

The latest approval comes as Bangladesh continues to rely heavily on imported LNG to meet its growing demand for natural gas, particularly for power generation and industrial consumption.