Govt to procure 1 cargo LNG, 1,30,000 MTs of fertilizer

The government on Thursday approved separate proposals for procuring a cargo of Liquefied Natural Gas (LNG) and 1,30,000 metric tonnes (MTs) of fertilizer to meet the country's growing demand.

The approvals came from the 18th meeting of the Advisory Council Committee on Government Purchase (ACCGP) held at the Cabinet Division conference room at the Bangladesh Secretariat.

Adviser to the Ministry of Finance Dr Salehuddin Ahmed chaired the meeting.

Following a proposal from the Energy and Mineral Resources Division, Petrobangla would procure one cargo LNG from the spot market from M/S POSCO International Corporation, Incheon, Korea through international quotation process with around Taka 692.99 crore with per MMBtu LNG costing US$14.69.

Besides, in a proposal from the Ministry of Industries, the Bangladesh Chemical Industries Corporation (BCIC) would procure some 30,000 MTs of bulk granular urea fertilizer from Karnaphuli Fertilizer Company Limited (KAFCO) under the 10th lot for the fiscal year (FY25) with around Taka 123.57 crore, with per ton fertilizer costing US$343.25.

Following another proposal from the Ministry of Industries, the BCIC would procure some 30,000 MTs of bulk granular urea fertilizer from SABIC Agri-nutrients Company, Saudi Arabia under the 14th lot for the fiscal year (FY25) with around Tk 125.88 crore, with per ton fertilizer costing $349.67.

In response to a proposal from the Ministry of Agriculture, the Bangladesh Agricultural Development Corporation (BADC) would procure 30,000 metric tonnes of MOP fertilizer under state-level agreement from Prodintorg, Russia with around Tk 104.31 crore where per ton fertilizer would cost $489.75.

Besides, BADC would also procure 40,000 metric tons of DAP fertilizer under state-level agreement from OCP NUTRICROPS SA, Morocco with around Tk 280.56 crore where per ton fertilizer would cost $584.50.

Source: BSS