Energy Bangla

Energy electricity and environment news portal

Dhaka Tuesday,  Jul 23, 2024

Gas Sector

By Macdonald Dzirutwe August 4, 20232:30 AM GMT+6Updated 9 hours ago Students walk on a crowded sidewalk due to scarcity of local transport following shortage of petroleum products in Abuja Students walk on a crowded sidewalk due to scarcity of local transport following shortage of petroleum products in Abuja, Nigeria February 15, 2022. REUTERS/Afolabi Sotunde/File Photo LAGOS, Aug 3 (Reuters) – Nigeria is turning to gas as an alternative fuel... »
Price of Liquefied Petroleum Gas (LPG) has been increased to Tk 94.96 per kg for the month of August from Tk 83.25 in July. Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that the retail consumer will now get a 12kg LPG cylinder at Tk 1,140 including VAT instead of previous price of Tk 999. Prices of other sizes of LPG cylinders – from 5.5kg to 45kg –... »
The Cabinet Committee on Economic Affairs (CCEA) in a meeting today (July 26, 2023) approved the draft ‘Bangladesh Offshore Model Production Sharing Contract (MPSC) 2023’ in order to invite international bidding for hydrocarbon exploration in offshore areas of the country. Report UNB Finance Minister AHM Mustafa Kamal presided over the meeting. However, Additional Secretary of the Cabinet Division, Sayed Mahbub Khan, who briefed about the outcomes, did not give further... »
The Bangladesh government has increased the charges and margins at different levels of the gas industry, from production to distribution, by executive orders. These changes were announced in separate orders from the Operations Division of the Department of Energy and Mineral Resources on Thursday. Until now, these charges were set by the Bangladesh Energy Regulatory Commission through public hearings. Although these charges are effective from this month, no effect will... »
Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year, sources familiar with the deal told Reuters on Tuesday. China National Petroleum Corporation(CNPC) and QatarEnergy are expected to sign a 27-year agreement later on Tuesday, under which China will purchase 4 million metric tons of LNG a year from the Gulf Arab state, two sources briefed on the matter... »
State-owned Petrobangla, the oil gas and mineral corporation of Bangladesh, signed another agreement with OQT, Oman to import more liquified natural gas (LNG) from the Middle-east country. As per the new agreement, the OQT, the Omani state-owned company, will supply LNG 0.25-1.5 million metric ton per annum (MTPA) to Bangladesh over 10 years from 2026. Prime Minister’s Energy Advisor Dr. Tawfiq-e- Elahi chowdhury, who was present at the singing ceremony... »
State Minister for power, energy and mineral resources Nasrul Hamid on Thursday said that the country has a 10-year reserve of natural gas as, on an average, 2200 million cubic feet of gas is being produced daily in Bangladesh. The state minister said this while responding to a star-mark question made by Kazim Uddin Ahmed of Mymensingh-11 at the question-answer session at the Jatiya Sangsad here. Speaker Dr Shirin Sharmin... »
The government on Wednesday approved a proposal from the Petrobangla to import one cargo of liquefied natural gas from spot market through a US firm. The decision was taken at a meeting of the cabinet committee on government purchase presided over by finance minister AHM Mustafa Kamal virtually. Excelerate Energy LP of the United States will supply 33.60 lakh MMBTU LNG, with per unit costing $13.9, said additional cabinet secretary... »
The government on Wednesday approved a Petrobangla proposal to establish the third liquefied natural gas terminal in Moheskhali of Cox’s Bazar while energy experts said that the move would increase the county’s dependency on imported fossil fuel and pressure on forex reserves. The cabinet committee on economic affairs in a meeting on Wednesday agreed in principle on the proposal. The terminal would be established by Summit Oil and Shipping Co... »
Bangladesh today signed a 15-year agreement with Qatar for importing 1.8 million metric tons (MMT) of liquefied natural gas (LNG) per year. As per the new deal, Bangladesh will get additional 1.8 MMT of LNG per year, which will start in 2026. Bangladesh already has a deal with Qatar which was signed on September 25, 2017, for a 15-year period, providing a supply of 1.8-2.5 MTPA of LNG. This new... »