Govt approves LNG cargo from Aramco Trading Singapore at $21.55 per MMBtu

The Cabinet Committee on Government Purchase on Friday approved the short-term procurement of one LNG cargo from Aramco Trading Singapore Pte Ltd under a government-to-government (G2G) arrangement at $21.55 per MMBtu.The virtual meeting was presided over by the finance and planning minister.The meeting’s outcomes were confirmed through a press statement by Cabinet Division Deputy Secretary Mohammad Ashrafuzzaman Bhuiyan.According to the approved proposal, the LNG cargo will be delivered under a direct purchase process between August 11 and 12.Meanwhile, a proposal for long-term LNG -- supply spanning from 2026 to 2038 -- by Gunvor USA LLC was withdrawn by the Energy and Mineral Resources Division.