Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 14, 2024

Gas Sector

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... »
The government has approved Chevron’s proposal to allow it to add a 60-square-kilometre “flank” area outside its existing contract zone in the north of the Bibiyana gas field, Senior Secretary of the Energy Division Mahbub Hossain disclosed on Tuesday night while addressing a function to celebrate the US oil giant’s 25th year of operations in Bangladesh. Dr Tawfiq-e-Elahi Chowdhury, Advisor on Energy Affairs to the Prime Minister, Petrobangla Chairman Nazmul... »
Europeans are preparing for a difficult winter without gas supplies from Russia, part of the fallout from the war in Ukraine, reports AFP. Latvians have been adjusting since the end of July, when Russia stopped supplying gas to the Baltic former Soviet state. They know what to expect in the coming months. “Energy prices are so exorbitant that we already cut off the hot water from the city pipeline and... »
Gas distribution companies asked the National Board of Revenue to return Tk 1559.48 crore which was realised as additional tax at source on gas bills from fiscal years 2015-16 to 2021-22. The companies said that the NBR realised the tax on gas bills instead of the companies’ distribution margins, making them pay more tax at source than the tax liability as the gas prices increased. According to them, an additional... »