Dhaka Tuesday, May 14, 2024
- Bangladesh faces challenge created by others: Tawfiq-e-Elahi
- Untapped Petroleum Potential: Offshore areas of Bangladesh largely unexplored, says TGS
- Power Price To Go Up Four Times A Year
- AI Boom To Fuel Natural Gas Demand In Coming Years, Report Says
- Bangladesh signs €477m deals with EU and EIB for renewable energy and more
- The Current Oil Price Rally Is Reaching Its Limits
Gas Sector
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said seven reputed international companies purchased bid documents to participate in the bidding round for offshore hydrocarbon exploration in Bangladesh. Report UNB He said this while talking to reporters on the sidelines of the promotional seminar on “Bangladesh Offshore Bidding Round 2024″ at a city hotel on Wednesday. The state minister said huge presence of international oil companies in the... »
State-owned oil, gas and minerals corporation Petrobangla seeks to complete the drilling of a total of 48 wells at different gas fields hoping to add 618 mmcfd to the national grid by 2025. This will be done through Petrobangla’s own companies and outsourcing of contractors by next year. “We’re very serious about implementing the plan on time and if necessary, we will seek a waiver from the provision of a... » 
After floating bids for offshore oil and gas exploration, Petrobangla now plans to invite international bidding for onshore hydrocarbon exploration. “We’re now working on preparing the bidding documents for onshore oil and gas exploration,” said Petrobangla Chairman Zanendra Nath Sarker while speaking at a workshop of the energy reporters at the capital’s Petrocentre. He noted that his organisation will appoint a foreign consultant to assist Petrobangla in attracting the international... » 
Bangladesh is struggling to arrange sufficient gas supply for half a dozen new gas-fired power plants with total generation capacity of around 3,510 MW due to heavy government subsidies and slow-moving reforms, according to project operators and market participants. Three new plants in the private sector are already in early stages of launch, while another three in the public sector will be ready by the end of 2024, Khandekar Mokammel... » 
Prime Minister’s Energy Advisor Dr Tawfiq-e-Elahi Chowdhury has said that the international bidding for offshore oil and gas exploration will draw a huge response. “This round, we have introduced some new aspects like linking gas price with Brent and per year cost recovery at highest 75 percent to make the bidding more attractive,” he told reporters at a press conference at Petrobangla headquarters in Dhaka on Monday. The Energy and... » 
After eight years, Bangladesh will float a new international tender today for oil and gas exploration in a total of 24 blocks, with 15 located in deep waters and nine in shallow waters, in the Bay of Bengal. Interested companies will have the opportunity to participate in the tender over the next six months. “We have sent direct invitations to 55-56 companies. However, companies from any country in the world... »
The government has raised the price of gas for all sorts of power plants by Tk 0.75 per unit, effective from the ongoing month of February. The Energy and Mineral Resources Division announced the new prices of gas for power production on Tuesday ahead of a planned hike in electricity tariff. As per the new rates, government’s gas-based power stations, independent power producers and rental plants will have to pay... »
The International Islamic Trade Finance Corporation, or ITFC, one of the loan providers for Bangladesh in the liquid fuel sector, is keen to facilitate LNG imports. ITFC Chief Executive Officer Hani Salem Sonbol expressed their interest about the business during a meeting with State Minister for Power, Energy, and Mineral Resources Nasrul Hamid at the Secretariat on Tuesday. The ITFC has shown interest in providing $500 million initially to facilitate... »
State Minister for Power, Energy, and Mineral Resources Nasrul Hamid has revealed that Bangladesh is currently facing a gas shortfall of almost 1,000 million cubic feet per day compared to the national demand. The country is extracting about 2,050 million cubic feet of gas daily, whereas the demand stands at around 4,000 million cubic feet per day, he told parliament on Sunday. Around 800-900 million cubic feet of imported LNG,... »
The government is planning to float an international tender in March for hydrocarbon exploration in the country’s maritime areas, where it would like US oil giant ExxonMobil to participate and show its hand in the bidding round. The US oil major was conveyed the government’s advice when a delegation of the company, led by its Opportunity Manager Jonathan Wilson, met State Minister for Power, Energy and Mineral Resources Nasrul Hamid... »