According to the press release, the committee's 50th meeting approved a proposal to purchase five LNG cargoes from BP Singapore at a price of $0.17 per million British thermal units (MMBtu) below the Japan-Korea Marker (JKM) benchmark.
TBS Report
25 October, 2026, 11:15 am
Last modified: 25 October, 2026, 11:21 am
The Cabinet Committee on Government Purchase (CCGP) has recommended approval to purchase six liquefied natural gas (LNG) cargoes, five from Singapore-based BP Singapore Pte Limited and one from Qatar Energy Trading LLC.
Finance Minister Amir Khosru Mahmud Chowdhury chaired the committee's 51st meeting of 2026, held virtually yesterday (24 October).
According to the press release, the committee's 50th meeting approved a proposal to purchase five LNG cargoes from BP Singapore at a price of $0.17 per million British thermal units (MMBtu) below the Japan-Korea Marker (JKM) benchmark.
The committee also approved a proposal to purchase an additional LNG cargo from Qatar Energy Trading under the existing long-term contract. The price was set at $0.10 per MMBtu below the JKM benchmark.
Deal with JERA Global Markets to be discussed at the next meeting
On the same day, the Energy and Mineral Resources Division placed a proposal before the 33rd meeting of the Cabinet Committee on Economic Affairs to procure LNG directly from JERA Global Markets Pte Limited, a Japanese company.
Under the proposal, the division sought approval to negotiate directly with the company and sign a short-term LNG sale and purchase agreement (SPA) and a term sheet, in accordance with Section 68 of the Public Procurement Act, 2006, and Rule 99(2) of the Public Procurement Rules, 2025.
According to the Cabinet Division's press release, the committee decided to place the proposal at its next meeting after obtaining vetting from the Legislative and Parliamentary Affairs Division.
No final approval was given at the meeting to purchase any specific number of LNG cargoes from JERA Global Markets.