Energy Bangla

Energy electricity and environment news portal

Dhaka Monday,  Feb 6, 2023

Gas Sector

The Bangladesh Energy Regulatory Commission yesterday raised the price of liquefied petroleum gas (LPG) per 12kg cylinder by Tk151, linking the hike mainly to a crisis in the global energy market, triggered by the ongoing Russia-Ukraine war. In the span of a year, the price of LPG, supplied by private operators, has shot up by Tk450 as the regulatory body has fixed the new rate for the current month at... »
The spot prices of liquefied natural gas (LNG) in Asia jumped to a record-high of $59.672 per million British thermal units (MMBtu) on Thursday, as the market panics over natural gas supplies following Russia’s invasion of Ukraine. The price of spot LNG, the Japan-Korea-Marker (JKM) benchmark for the region, as assessed by S&P Global Platts, soared this week to beat the previous record of $56.326/MMBtu set in October 2021. Back... »
Africa To See Gas Supply Boom Through 2030 Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in 2021 to 2.7 million boepd in 2030 due to vast undeveloped deepwater resources, Rystad Energy research shows. While deepwater developments have played a crucial role in the region’s liquids output to date,... »
Natural gas prices in China have gained as much as 80 percent over the last month to reach a record high amid freezing weather and tight supply. Bloomberg reports that temperatures in many parts of China were colder than usual for the season and would continue to put pressure on gas supplies until later this week, especially in the northern part of the country. This could prompt Chinese traders to... »
After the massive influx of U.S. liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for U.S. liquefied natural gas over the past three months as concern about the geopolitical tensions around Ukraine prompted the EU to seek alternatives for Russian gas in case Moscow... »
A four-day public hearing on proposed steep raise in gas tariffs starts on March 21 as the energy regulator allegedly overlooks protests from businesspeople and rights groups. The Bangladesh Energy Regulatory Commission (BERC) has arranged the hearing to justify tariff-hike proposals for all types of consumers, including households, by around 117.41 per cent. A senior BERC official says the proceedings are set to kick off with presentation from state-run Petrobangla... »
The deepening natural gas crisis and the dependency on imported Liquefied Natural Gas (LNG) for power and industries are the results of reluctance to explore new gas fields, academics and sector experts have said. Stating Bangladesh is enriched with natural gas, they alleged that the government agencies and insiders are more interested in importing LNG than investing money and efforts into exploring third natural gas resources. Speakers said these at... »
Japan has suggested that it could step in and help Europe with natural gas supplies in the event of disruptions in Russian deliveries amid the continuing Ukraine crisis, Reuters has reported, citing Industry Minister Koichi Hagiuda. The minister declined to comment on reports that the United States had reached out to Japan to ask if it could spare some of its LNG imports for Europe but said that “We would... »
The global gas crunch and skyrocketing prices in Europe and Asia are laying the foundations for a revival in final investment decisions in new liquefied natural gas (LNG) export projects in the United States. Following a nearly three-year-long hiatus in project sanctioning in America, the high natural gas prices globally, the historically low storage levels in Europe, and the continuously growing gas demand in Asia could incentivize the signing of... »
Consumers will have to pay a higher price to buy liquefied petroleum gas (LPG) as the cost of the imported gas continues to rise across the country as the energy regulator on Tuesday announced its new price in line with the international market. As per the new price, consumers will have to pay Tk 1,240 for a 12 kg LPG from February 3 instead of Tk 1,178, up by Tk... »