Energy Bangla

Energy electricity and environment news portal

Dhaka Monday,  Feb 6, 2023

Gas Sector

Bangladesh’s entry into the International Energy Charter Treaty (IECT) will bring disaster to the country’s energy sector as through this treaty Bangladesh will virtually lose its sovereign  authority to control the foreign companies operating and those who will invest in the future in the country, experts opined. “If any dispute is created with any foreign investor, it has to be settled through an international arbitration court and the country has... »
Bangladesh Energy Regulatory Commission has directed state-owned Petrobangla to return Tk 12,227.44 crore to its two original funds—the energy security fund (ESF) and the Gas Development Fund (GDF). The energy regulator’s latest directive which came as the BERC Order No-2022/7, in detail, was released on June 27 and uploaded on its website on the same day. However, BERC gave its brief order on June 4 raising gas prices by average... »
The knitwear industry in the county has long been reeling from insufficient gas supply, which is now causing this vital export sector to miss out on potential export earnings worth $2 billion (Tk 18,000 crore) a year. Knitwear exports fetched $20 billion in the July-May period of the current fiscal year — a sizeable 36 percent jump from $15.36 in the corresponding period last fiscal year, according to the latest... »
Bangladesh Energy Regulatory Commission has raised natural gas prices by 22.78 percent to Tk 11.91 per unit, the first increase in about three years, putting more pressure on the families already hit by the rising cost of living. The decision will boost gas prices across the board, except for CNG users for vehicles who pay Tk 43 per cubic metre. The new rates will be effective from June and remain... »
Bangladesh Energy Regulatory Commission (Berc) will announce the new gas tariff at the consumer level Sunday (June 5, 2022). Berc has called a virtual press conference in this regard at 3:00 pm tomorrow. According to a Berc press release, the commission’s order on the new price rates at the consumer level of natural gas will be announced by the commission via a virtual press briefing. In January, the state-owned gas... »
The price of liquefied petroleum gas has decreased further by Tk 7.23 per kg. From now, the consumers will get a 12kg bottle of this cooking gas at a lower price by Tk 93 as the its price has been set at Tk 1,242 instead of the past month’s price of Tk 1,335. The Bangladesh Energy Regulatory Commission announced the price at a virtual briefing on Thursday. The new price... »
The government is purchasing liquefied natural gas or LNG and fertilisers at cheaper rates than the previous procurements. The cabinet committee on government purchase approved a proposal to buy 3.36 million metric million British thermal units (mmBtu) of LNG from Singapore’s Vitol Asia Pte Ltd at $25.75 per unit on Thursday. The price of the LNG procured on May 18 was $26.4 per unit, down from $29.25 in April. In... »
Sylhet Gas Fields Limited (SGFL) has started supplying about 19 million cubic feet of gas per day (mmcfd) to the national grid from well no 7 of Kailashtila gas field. The gas supply started 8:45pm Saturday (7 May), said Mir Mohammad Aslam Uddin, deputy chief information officer of Ministry of Power, Energy and Mineral Resources. The state-run energy exploration company, Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) found the... »
Bangladesh gas fields burnt $3 million worth of natural gas in 2021 in gas flaring, according to a World Bank report published on Thursday. In 2020, the burnt amount was 14.84 million cubic meters (mcm) worth $1.7 million. The year 2021 saw a 75% rise in gas flaring. The WB’s 2022 Global Gas Flaring Tracker report says in 2021, 25.93 mcm (916 million cubic ft) of gas was burnt in... »
With the completion of the emergency maintenance work, gas supply has started returning to normal in parts of Dhaka and some districts in Rajshahi Division. Apart from Savar in Dhaka, gas supply was cut off for 48 hours in Rajshahi, Pabna, Sirajganj and Bogura areas on Eid-ul-Fitr night on Tuesday. Titas Gas Transmission and Distribution Company Limited said on Thursday that after the completion of the work, the supply to... »