Government to buy three LNG cargoes from UK for October

Prices for the cargoes range from $11.34 to $11.54 per unit, finance ministry says

The interim government has approved the purchase of three LNG cargoes from TotalEnergies Gas and Power, a UK-based company, for delivery in October.

The proposals were cleared on Tuesday at a meeting of the Advisors Council Committee on Government Purchase.

The finance ministry said in a media statement that the procurement is being carried out through international open bidding.

The unit price for each cargo is fixed separately: $11.34, $11.44, and $11.54 per MMBtu (million British thermal units).

At the same meeting, several proposals for bulk fertiliser purchases and textbook printing contracts also received approval.

The fertiliser deals include:

• 80,000 tonnes of muriate of potash (MOP) from a Canadian corporation at $361 per tonne

• 60,000 tonnes of triple super phosphate (TSP) from Morocco at $584.67 per tonne

• 40,000 tonnes of diammonium phosphate (DAP) from Morocco at $782.67 per tonne

• 35,000 tonnes of muriate of potash (MOP) from Russia at $361 per tonne

“There was pressure to increase gas prices every one or two months, but we did not do so.” said Finance Advisor Salehuddin Ahmed. “We wanted to ensure that supply remains stable without raising costs.

He added the latest gas purchases came at a lower price.