Dhaka Monday, Feb 6, 2023
- Adani’s Power To Come To Bangladesh In First Week Of March: Nasrul Hamid
- Hasina Asks Why Gas And Power Should Be Subsidised
- `Otherwise, Our Suffering Will Continue’: Tawfiq e Elahi
- More subsidies to stall country’s development wheel: PM
- Click here to find Corona Virus Update
- The Current Oil Price Rally Is Reaching Its Limits
Gas Sector
Price of Liquefied Petroleum Gas (LPG) has substantially increased by Tk22.15 per kg to Tk124.85 from the previous price of Tk102.70 per kg for the month of February. Bangladesh Energy Regulatory Commission (BERC) announced its latest price through a press release on Thursday. As per the new price, 12kg LPG cylinder cost has increased by Tk329 as a retail consumer will get it at Tk1561 instead of previous price of... » 
The government has resumed importing LNG (liquefied natural gas) from the international spot market. According to official sources, the Cabinet Committee on Government Purchase (CCGP) approved a proposal of the state-owned Petrobangla to import one cargo of LNG. Agriculture Minister Abdur Razzaque presided over the meeting held virtually on Wednesday. The government had earlier suspended the import of LNG from the international spot market in July 2022 following the excessive... » 
The newly discovered Bhola north-2 appraisal well in Bhola has probable gas extraction over 20 million cubic feet per day as its drilling has been successful, according to the ministry statement issued today. State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the state owned Bapex brought good news for the country during the ongoing global energy crisis. “Bapex has to continue it’s exploration work for natural... » 
The government, in an executive order on Wednesday, increased retail piped gas prices in four consumer categories by up to 179 per cent with effect from February 1. Four other consumer categories—household, fertiliser, the tea industry, and compressed natural gas—did not see any change in their rates but were bracing for multiple impacts from the price hike. The hefty increase in prices of gas meant for use in power generation... » 
Prime Minister Sheikh Hasina yesterday in parliament told businessmen that the government could give them uninterrupted gas supply if they agreed to pay the rate at which the government bought gas from international market. “If they want uninterrupted gas supply, they would have to pay the same price that the government pays to procure gas. There is no reason to provide subsidy here,” she said. The PM made the statement... » 
The government has increased gas prices for industries by nearly three times, an unprecedented hike condemned by consumer rights activists and businesses as “unjustified”. Some industries that heavily depend on gas and were on the verge of closure due to a supply crunch, however, are positive about the decision, considering the fact that they will get fuel to run the factories. But still, the businesses, who had urged the government... » 
Price of liquified petroleum gas (LPG) has decreased by Tk 5.39 per kg to Tk 102.70 from previous price of Tk 108.09 per kg as Bangladesh Energy Regulatory Commission (BERC) has announced its latest price for the month of January. As per the new price, 12kg LPG cylinder cost has been lowered by Tk 65 as a retail consumer will get it at Tk 1,232 instead of Tk 1,297. For... »
Bangladesh was placed 7th on the list of top 10 Asian investors with plans to build liquefied natural gas import capacity worth $2.6 billion despite the crippling gas crisis, according to the US-based Global Energy Monitor. In Bangladesh, 15.1mpta (million tonnes per annum) of new LNG import capacity is being proposed while 9.3mtpa of LNG projects are in operation, said the GEM report released on Thursday. ‘High LNG prices have... »
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, kicked off its 2022 Gas Turbine Technical Seminar in Bangladesh, today. Set to take place in Dhaka from 11-12 December 2022, the two-day event aims to discuss the latest solutions and services in the power generation industry to advance energy security and decarbonization. The event, attended by around 200 government representatives, industry leaders and local partners, includes dedicated user sessions... »
Fresh gas reserves have been discovered at an abandoned well in Beanibazar, Sylhet district. Sylhet Gas Fields Ltd is hopeful of extracting seven to eight million cubic feet of gas and 100 barrels of condensate from the well daily, said sources. Talking to reporters, Managing Director of Sylhet Gas Fields Engineer Md Shahinur Islam said the testing of Beanibazar-1 well started today and the presence of gas has been confirmed.... »