2024-07-03 00:28:08
The Division of Vitality and Mineral Assets has ready to import a cargo of LNG to make sure vitality safety of the nation. The overall value might be 609 crore 27 lakh 65 thousand 897 taka. US-based Speed up Vitality LP USA because the lowest bidder within the tender will provide this LNG.
This one cargo of LNG might be imported from the spot market by means of the method of accumulating quotations from among the many firms which have signed the Grasp Sale and Buy Settlement (MSPA) beneath the ‘Expedited Provide of Electrical energy and Vitality (Particular Provisions) Act, 2010 (Modification 2021)’. This would be the twenty second LNG import of 2024.
In response to sources, two floating LNG terminals with a capability of 500 mmcf per day and 600 mmcf per day regas have been arrange at Maheshkhali in Cox’s Bazar to satisfy the present and rising fuel demand of the nation. Below the settlement signed with Petrobangla on G2G foundation by means of two terminals, at the moment 2.5 MTPA of LNG over 15 years from Ras Laffan Liquefied Pure Gasoline Firm Restricted (Qatargas) and 1.0 MTPA of LNG over 10 years from Oman Buying and selling Worldwide, totaling 3.5 MTPA of LNG is being imported.
Other than long-term import of LNG for uninterrupted provide of fuel to electrical energy, business and fertilizer factories within the nation, LNG can also be being bought from the spot market. The Minister (Prime Minister) of the Ministry of Energy, Vitality and Mineral Assets has given in-principle approval for the acquisition of thirty-two cargoes of LNG from July 2024 to December 2024 from the Raspreksi spot market.
In response to sources, Petrobangla has signed the finalized MSPA with 23 MSPA signatories on the idea of in-principle approval of the Cupboard Committee on Financial Affairs after making ready the MSPA following due course of for procurement of LNG from the spot market.
Sources mentioned two cargoes of LNG are required to be procured from the spot market in July 2024 for uninterrupted fuel provide to energy, captive energy, industrial and industrial. Because of this, an e-mail was despatched from RPGCL on June 26 to the 23 MSPA signatories calling for quotations for the provision of 1 cargo of LNG from the spot marketplace for the month of July. Throughout the specified interval i.e. final 28 June, the group submitted 2 tenders. Speed up Vitality LP USA was the bottom bidder at USD 13.5580 per unit of LNG.
Switzerland’s Complete Energies Gasoline & Energy, then again, quoted a unit worth of USD 14.3800.
In gentle of the current surge in LNG costs within the spot market and uninterrupted provide of fuel to energy crops, fertilizers and industrial sectors, M/s. It is suggested to be referred to the Cupboard Committee on Authorities Procurement.
Observe that the value of LNG for the final bought twenty first cargo of 2024 was $12.9697.
M/s Speed up Vitality LP USA, the corporate providing the bottom worth, contemplating the proposed worth of 13.5580 USD, with 5% operational tolerance, the whole value of buying 32,55,000 MMBTU of LNG together with VAT might be 609 crore 27 lakh 65 thousand 897 taka.
In response to sources, a procurement proposal on this regard might be offered within the subsequent assembly of the Cupboard Committee on Authorities Procurement beneath the chairmanship of Finance Minister Abul Hasan Mahmud Ali.