Energy Bangla

Gas prices in Europe are plummeting amid unseasonably warm weather across Europe and as storage fills up to capacity. This has no doubt prompted a sigh of relief in government circles, but celebrating a mild winter in October would be premature. Reuters’ John Kemp noted in a recent column that complacency is the last thing European leaders want to be right now, even as gas prices drop and inventories rise... »

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said necessary measures will be taken to address the low pressure problem in gas supply to industries. Report UNB “We’ll take a move to resolve the local problem in gas supply so that situation doesn’t deteriorate,” he told reporters after a meeting with business body leaders at the Bangladesh Investment Development Authority (Bida) at Agargaon in the city on... »

Textile millers on Saturday demanded uninterrupted gas supply to keep production running. More than half of the country’s 1,700 textile mills, who are members of the Bangladesh Textile Mills Association (BTMA), are in a vulnerable position now because of severe gas crisis since March this year. At a press conference, BTMA President Mohammad Ali Khokon said they are even ready to pay a bit higher than the current price of... »

Finance minister AHM Mustafa Kamal in a meeting with Malaysian deputy finance minister YB Dato` Indear Moha Shar Abdullah on Wednesday requested the latter to export a necessary amount of liquefied natural gas to Bangladesh. He also called upon the deputy finance minister for taking further measures to hire more manpower from Bangladesh during the meeting held alongside the annual general meeting of the Asian Development Bank in Manila. The... »

The Parliamentary Standing Committee on Power, Energy and Mineral Resources has dropped the idea for inclusion of the indemnity clause from the proposed “Bangladesh Oil, Gas and Mineral Corporation Bill-2022.” Earlier, the clause 21 read, ‘no suit, prosecution or other legal proceedings shall lie against the Board, the Chairman or any other Director or any officer or employee of the Corporation for anything which is in good faith done or... »

World’s leading LNG producer Qatargas will supply additional liquefied natural gas amounting to around a million tonne per year (MTPA) to cater Bangladesh’s growing gas demand. “Qatargas has confirmed us providing at least 1.0 MTPA of LNG from 2025,” Petrobangla chairman Nazmul Ahsan told the Sunday, as the country is on the lookout for foreign supplies to make up for domestic gas shortages. Bangladesh sought to import around 2.0 MTPA... »

State-owned Petrobangla has started the second phase of the directional drilling of exploratory well No-1 at Srikail North in Comilla district. Petrobangla officials said the initiative to dig the well is part of the government’s plan to drill a total of 46 exploration, development and work-over wells during the period 2022-2025 to increase production of natural gas from local sources against the backdrop of nagging gas crisis. Earlier, the Bangladesh... »

The Bangladesh Textile Mills Association has requested the government to replace the existing 250-pound per square inch compressor of the Mymensingh power plant of Rural Power Company Limited with a 150-PSI compressor to reduce wastage of gas and increase supply of gas to Gazipur, Sreepur and Bhaluka industrial zones. The BTMA in a letter on September 15 to the state minister for power, energy and mineral resources said that the... »

The Bangladesh Energy Regulatory Commission on Wednesday increased the price of liquefied petroleum gas for a 12-kg cylinder by Tk 16 fixing the new price of the cylinder at Tk 1,235. Earlier in August, the price of a 12-kg cylinder was fixed at Tk 1,219 after decreasing the price by Tk 35. Bangladesh makes adjustment of the LPG price every month to the international market price. This time the price... »

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today (September 11, 2022) said the process of natural gas exploration and extraction will continue on priority basis. “…expansion is necessary in natural gas exploration and extraction work with realistic projects,” he said this while witnessing an agreement signing ceremony virtually as chief guest. Nasrul Hamid said that projects taken by the ministry will have to be implemented within the... »