Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 14, 2024

Gas Sector

The government has increased gas prices for industries by nearly three times, an unprecedented hike condemned by consumer rights activists and businesses as “unjustified”. Some industries that heavily depend on gas and were on the verge of closure due to a supply crunch, however, are positive about the decision, considering the fact that they will get fuel to run the factories. But still, the businesses, who had urged the government... »
Price of liquified petroleum gas (LPG) has decreased by Tk 5.39 per kg to Tk 102.70 from previous price of Tk 108.09 per kg as Bangladesh Energy Regulatory Commission (BERC) has announced its latest price for the month of January. As per the new price, 12kg LPG cylinder cost has been lowered by Tk 65 as a retail consumer will get it at Tk 1,232 instead of Tk 1,297. For... »
Bangladesh was placed 7th on the list of top 10 Asian investors with plans to build liquefied natural gas import capacity worth $2.6 billion despite the crippling gas crisis, according to the US-based Global Energy Monitor. In Bangladesh, 15.1mpta (million tonnes per annum) of new LNG import capacity is being proposed while 9.3mtpa of LNG projects are in operation, said the GEM report released on Thursday. ‘High LNG prices have... »
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, kicked off its 2022 Gas Turbine Technical Seminar in Bangladesh, today. Set to take place in Dhaka from 11-12 December 2022, the two-day event aims to discuss the latest solutions and services in the power generation industry to advance energy security and decarbonization. The event, attended by around 200 government representatives, industry leaders and local partners, includes dedicated user sessions... »
Fresh gas reserves have been discovered at an abandoned well in Beanibazar, Sylhet district. Sylhet Gas Fields Ltd is hopeful of extracting seven to eight million cubic feet of gas and 100 barrels of condensate from the well daily, said sources. Talking to reporters, Managing Director of Sylhet Gas Fields Engineer Md Shahinur Islam said the testing of Beanibazar-1 well started today and the presence of gas has been confirmed.... »
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Thursday announced a new structure of 239 billion cubic feet (BCF) of natural gas from the exploration well No-Togbi-1 under Bhola gas field. “But this will take one-and-a-half to two years to start producing gas from the well and supply it to the national gas network”, he told reporters while sharing the “good news” at a press briefing at... »
The Bangladesh Oil, Gas, and Mineral Corporation Bill, 2022 was passed in parliament to expedite exploration of oil, gas, and mineral resources in the country. The new law will replace the Bangladesh Oil, Gas and Mineral Corporation Ordinance, 1985 that is declared void by the court as it was promulgated during the regime of a military dictator. State Minister for Power, Energy and Mineral Resources Nasrul Hamid moved the bill... »
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... »