Dhaka Friday, Apr 16, 2021
Gas Sector
Natural gas consumers across the country owe around Tk 90 billion, of which electricity clients alone skipped two-thirds of the payment against their utility services. Officials said household consumers are the biggest defaulters of natural gas bills accounting for as much as Tk 26.42 billion. The second-highest defaulters is the power plant owners-both public and privately-run facilities-whose unpaid bills to different state-run gas marketing and distribution companies reached Tk 23.78... » 
bdnews: The government is buying 6,720 mmcf liquefied natural gas or LNG from the spot market to meet a supply shortage in Bangladesh.The Cabinet Committee on Government Purchase approved power, energy and mineral resources ministry’s proposal to import the LNG from Singapore’s Vitol Asia in to phases on Wednesday. A journalist drew Finance Minister AHM Mustafa Kamal’s attention to allegations of bribery and manipulation against Vitol in the Americas at... » 
The Bangladesh Energy Regulatory Commission (BERC) has finally initiated a move to set the price of liquified petroleum gas (LPG) at the consumer level. “We’ve already started a process following the BERC Act 2003 to fix LPG price at the retail level,” said a member of the regulatory body preferring anonymity. He said the public hearing might take place between 14-18 January next as BERC is taking time to complete... »
The country’s business conglomerate East Coast Group’s subsidiary Omera Gas One Limited has signed separate deals with Meghna, Jamuna and Padma oil companies to set up auto gas stations and supply LPG (Liquefied petroleum gas) across the country amid high hopes that the move would ease people’s sufferings in converting their vehicles into LPG-efficient. Through the signing of the agreements Omera Gas One Ltd will not only supply LPG to... »
The long awaited natural gas supply through pipeline finally reached Goalpara area under Khalishpur Police Station in Khulna city. ‘The gas packing was completed by using the newly built pipeline on September 3 and the gas officially reaches the industrial belt of the country’s southern parts of Khulna meeting three decades long demand of the residents of this region, said an official. However, the gas initially will be supplied to... »
Bangladesh is far from overcoming energy poverty as people lack access to reliable and quality electricity with three-fourths of them still using biomass for cooking, experts said in an online seminar on Sunday. They said that the government should focus on tackling immediate challenges such as developing a smart power grid rather than pursuing lofty long-term goals likely to result in overcapacity. ‘Bangladesh has made tremendous progress in expanding the... »
Eric M. Walker has been appointed President of Chevron Bangladesh companies based in Dhaka, commencing his position in July 2020. Eric succeeds Neil Menzies, who will be taking on a new position with the company in the United States. Prior to joining Chevron Bangladesh, Eric was the General Manager of Reservoir Management for Europe, Eurasia, and Middle East. In this role, he was based in London and responsible for... »
Omera has started exporting LPG cylinders. The renowned LPG giant manufactured and exported the first consignment of its world-class LPG cylinders to a few companies based in Africa recently, said a press release. Director of Omera Cylinders Limited Azam J Chowdhury said this is not only a matter of pride for Omera but also a pride for the LPG industry and the entire nation. “We are extremely delighted that through... »
Bangladesh has deferred two LNG cargoes having the capacity of carrying 138,000 cubic meters of LNG each as nationwide lockdown to combat the coronavirus pandemic has dented domestic demand of natural gas. Both the cargoes were bound to supply LNG, or liquefied natural gas, in May from Qatar’s QatarGas, managing director of state-run Rupantarita Prakritik Gas Company Ltd, RPGCL, Md Kamruzzaman told the FE Wednesday. He said both the cargoes... » 
Bangladesh has won a case filed with the International Centre for Settlement of Investment Disputes (ICSID) against Canadian company Niko Resources for the blowout in Tangratila Gas field at Chhatak, Sylhet on January 7, 2005. State Minister for Power, Energy and Mineral Resources Nasrul Hamid disclosed the verdict of the Washington-based arbitration court through an online videoconference from his home. The verdict was released on February 28 this year. “We’ve... »