Dhaka Saturday, Jun 3, 2023
- New LNG Deal Signed With Qatar To Import 1.8 MMT Per Year
- Tk 34,819cr Proposed For Power And Energy
- `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
Ilisha-1 in Bhola district was announced to be the 29th gas field of Bangladesh where substantial gas was found recently. “We believe, Ilisha-1 has a reserve of 200 billion cubic feet (bcf) of gas. The entire Bhola area, including this one, has a reserve of 3 trillion cubic feet (tcf) of gas,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid told reporters today (May 22, 2023) during a... » 
Private firm Intraco has signed a contract with Sundarban Gas Company Limited (SGCL) to supply gas to different industries in Dhaka and adjoining areas including Gazipur and Tangail. Under a 10-year contract, the Intraco Refuelling Station Ltd will bring the gas from southern district Bhola in Compressed Natural Gas (CNG) form by large trailers, each having 4000 cubic meter and sell it to the industries at Tk 47.50 per unit... » 
Titas Gas Transmission and Distribution Company, the largest gas distribution utility in Bangladesh, has recently submitted a proposal to the energy regulator to charge its existing more than 2.5 million fixed-price subscribers extra, claiming its investigation found that these subscribers have been using more units of gas than they are legally allocated. If Bangladesh Energy Regulatory Commission, or BERC, approves the proposal, the charges of the fixed-price subscribers will go... » 
One of the country’s two LNG re-gasification units resumed operation early Monday, but is yet to ease gas supply across the country. “We could resume re-gasification at Summit Group’s FSRU this (Monday) morning,” Petrobangla chairman Zanendra Nath Sarker told, saying that the FSRU was synchronised with the mooring system at Moheshkhali early in the morning. The other one of Excelerate Energy, which was taken to the deep sea to avert... » 
The government has approved the import of four cargoes of liquified natural gas, or LNG, as the prices continue to fall on the international market. The cabinet committee on government purchase cleared the proposals to buy the LNG on Wednesday, Additional Cabinet Secretary Sayeed Mahbub Khan said. Under the proposals, the government will buy 3.36 million MMBtu of LNG from Singapore’s Vitol Asia at $10.98 per unit and another 3.36... » 
President and Managing Director of Chevron Bangladesh Eric M. Walker met with Her Excellency Sheikh Hasina, Honorable Prime Minister, People’s Republic of Bangladeshon May 2nd 2023 in Washington DC, USA. The meeting was part of the “US-Bangladesh Economic Cooperation: Shared Vision for Smart Growth” which was organized by the US Chamber of Commerce and the US Bangladesh Business Council. During their meeting, Mr Walker highlighted Chevron’s partnership with Bangladesh,spanning nearly... » 
The Bangladesh Energy Regulatory Commission has raised the prices of liquefied petroleum gas, used for cooking, by 4.8 percent to Tk 102.91 per kg for May sales. BERC Chairman Md Nurul Amin declared the new prices for May sales at a media briefing at the TCB building in Dhaka on Tuesday. The prices of LPG, including VAT, have been fixed at Tk 102.91 per kg for May, compared with Tk... »
A new gas well, named Ilisha-1, has been discovered in Bhola, capable of extracting 20 to 22 million cubic feet of gas daily. BAPEX, the Bangladesh Petroleum Exploration and Production Company Limited, has successfully extracted gas experimentally from the well, bringing the total number of wells discovered in the district to nine. If everything goes well, gas extraction will officially begin on May 15th, according to BAPEX. The government has... » 
The European Union launched a scheme on Tuesday for European companies to place orders to jointly buy gas, with the aim of ensuring Europe has enough fuel and avoiding a repeat of last year’s record-high energy prices. Companies have until May 2 to register how much gas they want to buy through the EU scheme, which will exclude Russian gas. The platform will then collect offers from global suppliers to... » 
Energy Division has clarified about gas leakage in many parts of the capital city and urged city dwellers not to be panicked about it. Power, Energy and Mineral Resources Ministry issued a statement immediate after the gas leakage in some areas including Rampura, Badda, Banshree and Bailey Road on Monday. The gas leakage took place from 10:30 to 11:00 on Monday night, said statement on Tuesday. Soon after the leakage,... »