The government has approved a proposal okaying the bid submitted by China National Energy Engineering and Construction Company Limited (CNEE) for establishing an LNG floating storage and regasification unit (FSRU) at Kutubjom in Maheshkhali, Cox’s Bazar, under a government-to-government arrangement.
The proposal was approved at the 53rd meeting of the Cabinet Committee on Government Purchase (CCGP) held on Thursday, with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.
According to the Chinese proposal, the estimated cost of the proposal would be around Tk 12,324 crore for a 15-year term or Tk 13,161 crore for a 20-year term.
The Energy and Mineral Resources Division placed the proposal seeking approval. The proposed facility aims to support LNG imports and regasification through an FSRU at Kutubjom in Maheshkhali.