Published : 25 Oct 2026 02:42 PM
The Cabinet Committee on Government Purchase has recommended the procurement of five cargoes of liquefied natural gas (LNG) from BP Singapore Pte Limited and an additional cargo from Qatar Energy Trading LLC to meet the country’s energy demand.
The recommendations were made at the committee’s 51st meeting of 2026 held on Saturday, where two proposals from the Energy and Mineral Resources Division were discussed.
Finance Minister Amir Khosru Mahmud Chowdhury presided over the meeting.
Under the first proposal, the committee recommended purchasing five LNG cargoes from BP Singapore, with provision for additional cargoes if required and agreed upon by both parties.
The proposed purchase will be made through the direct procurement method under Section 68 of the Public Procurement Act, 2006, and Rule 99(2) of the Public Procurement Rules, 2025.
The recommended price is JKM-0.17 per million British thermal units (MMBtu), with BP Singapore Pte Limited named as the recommended supplier.
In the second proposal, the committee recommended purchasing an additional LNG cargo from Qatar Energy Trading LLC under an existing government-to-government (G2G) long-term agreement.
The additional cargo is scheduled for delivery on December 20, 2026, at a price different from the rate stipulated in the existing contract.
The recommended price is JKM-USD 0.10 per MMBtu, with Qatar Energy Trading LLC named as the recommended supplier, reports UNB.