Business & Economy
Government approves LNG and fertiliser import packages
Cabinet committees have approved nine LNG cargoes from Trafigura and 237,000 tonnes of fertiliser from suppliers in four countries. The purchases aim to protect gas supply and farm inputs but add exposure to volatile global prices.
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From 15 October 2026 — Daily Brief
Government purchasing bodies have approved nine liquefied natural gas cargoes and 237,000 tonnes of fertiliser as Bangladesh seeks to secure energy and agricultural supplies.
Trafigura will supply the LNG between December 2026 and December 2027 under a government-to-government arrangement. The price for each cargo is set at 10 cents below the Japan Korea Marker per million British thermal units, and volumes may be adjusted by mutual agreement.
Separate decisions cover urea, diammonium phosphate and muriate of potash from Saudi Arabia, the United Arab Emirates, Russia and Canada. The fertiliser approvals are valued at about Tk1,466 crore and include allowances for limited additional quantities.
The purchases respond to immediate supply concerns. Imported LNG supports electricity generation and industry, while timely fertiliser deliveries are critical to crop planning. Both markets, however, have been affected by war, shipping risk and higher commodity prices.
The contracts therefore carry fiscal as well as operational consequences. Officials should disclose delivery schedules, financing terms and the mechanism through which global prices feed into subsidies. Procurement can reduce the risk of shortages, but without demand management and transparent budgeting it may deepen pressure on foreign exchange and public spending.