Federal News
Bangladesh Government Procures Emergency LNG Cargoes
March 11, 2026
The Bangladesh government has authorized an emergency procurement of three liquefied natural gas (LNG) cargoes at prices exceeding double those paid in December 2024. This procurement was conducted under urgent procurement rules, bypassing the standard tender process, in response to sharp volatility in global LNG spot prices driven by geopolitical instability in the Middle East. Deliveries are scheduled for mid-April 2026, reflecting an accelerated timeline to address immediate energy needs.
- The procurement contract is valued at approximately 2,654 crore taka, indicating significant budgetary allocation for emergency energy supplies.
- Procurement professionals should note the use of urgent procurement provisions allowing expedited acquisition without competitive bidding due to market volatility and supply urgency.
- Suppliers and contractors in the LNG and energy sectors may find opportunities in spot market sales and emergency supply contracts under similar geopolitical conditions.
- This development underscores the importance of flexible procurement strategies and risk management in energy sourcing amid global market disruptions.
Agencies
Bangladesh Cabinet Committee on Government Purchase, Energy and Mineral Resources Division, Finance Ministry
Vendors
POSCO International Corporation, Total Engineering Gas and Power Limited
Contracts
2,654 crore 54 lakh 63 thousand 280 taka
Locations
Sources
- Govt buys emergency LNG at over double usual rates · Jagonews24.com · Mar 11