Energy Bangla

Energy electricity and environment news portal

Dhaka Friday,  Mar 29, 2024

Gas Sector

A complete disruption of energy trading between Russia and the rest of Europe would have grave consequences for the economies of Germany and other EU countries, says energy and security policy expert Kirsten Westphal. If the flow of gas, oil and coal from Russia is ended by either side, cascading effects in production and supply chains could lead to the collapse of entire markets, she argues. In an interview with... »
Two Stoves Tk 1080, One Stove Tk 990 Recommended Gas price hike unlikely anytime soon The Technical Evaluation Committee of the Bangladesh Energy Regulatory Commission (BERC) has recommended increasing the price of natural gas in the residential sector by Tk 105 per two stoves. Now residential customers have to pay Tk 975 per month for two stoves. In the case of one stove, it has been recommended to increase the... »
People have criticised the proposed gas tariff hike of 117% at the retail level during a four-day public hearing, which began on Monday at the Biam Auditorium in Dhaka. Participants including consumers’ representative, CNG station owner, academicians and political leaders, voiced their stance against the price hike move. They asked the gas supplying companies to reduce the system loss, illegal gas use and gas theft. At the beginning of the... »
Amid uncertainty over global energy supplies, Qatar said it will continue supplying liquefied natural gas (LNG) to Bangladesh, according to the Ministry of Foreign Affairs (MoFA). Qatar Ambassador to Bangladesh Seraya Ali Al-Qahtani met State Minister for Foreign Affairs Md Shahriar Alam and discussed issues of mutual interest yesterday. The state minister thanked the government of Qatar for extending its vaccine support to Bangladesh expatriates and not sending them back... »
Bangladesh and India are exploring the possibility of building a cross-border pipeline for liquefied natural gas (LNG) and an LNG terminal, said Indian Foreign Secretary Harsh Vardhan Shringla yesterday. An “India-Bangladesh Friendship Pipeline” is already under construction, he said, adding that India’s energy grids were increasingly being integrated with those of its neighbours Nepal, Bhutan and Bangladesh via high-capacity connections. Shringla was addressing an event in Mussoorie to inaugurate the... »
The Bangladesh Energy Regulatory Commission yesterday raised the price of liquefied petroleum gas (LPG) per 12kg cylinder by Tk151, linking the hike mainly to a crisis in the global energy market, triggered by the ongoing Russia-Ukraine war. In the span of a year, the price of LPG, supplied by private operators, has shot up by Tk450 as the regulatory body has fixed the new rate for the current month at... »
The spot prices of liquefied natural gas (LNG) in Asia jumped to a record-high of $59.672 per million British thermal units (MMBtu) on Thursday, as the market panics over natural gas supplies following Russia’s invasion of Ukraine. The price of spot LNG, the Japan-Korea-Marker (JKM) benchmark for the region, as assessed by S&P Global Platts, soared this week to beat the previous record of $56.326/MMBtu set in October 2021. Back... »
Africa To See Gas Supply Boom Through 2030 Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in 2021 to 2.7 million boepd in 2030 due to vast undeveloped deepwater resources, Rystad Energy research shows. While deepwater developments have played a crucial role in the region’s liquids output to date,... »
Natural gas prices in China have gained as much as 80 percent over the last month to reach a record high amid freezing weather and tight supply. Bloomberg reports that temperatures in many parts of China were colder than usual for the season and would continue to put pressure on gas supplies until later this week, especially in the northern part of the country. This could prompt Chinese traders to... »
After the massive influx of U.S. liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for U.S. liquefied natural gas over the past three months as concern about the geopolitical tensions around Ukraine prompted the EU to seek alternatives for Russian gas in case Moscow... »