Dhaka Saturday, Mar 25, 2023
Gas Sector
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... » 
Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel. Demand growth will slow to 0.9% after a 4.7% advance last year, the International Energy Agency said in its quarterly gas report. While use is expected to increase in Asia and North America, demand is predicted to slump sharply in Europe. European gas demand set... » 
Leaders of the Bangladesh Textile Mills Association on Saturday claimed that the sector faced production loss worth $1.75 billion in the last three months due to a supply shortage of gas. Opposing the proposal by state-owned distribution companies for a 116-per cent hike in gas price, the BTMA said that any increase in gas price would erode the competitiveness of the sector as the overhead production cost of yarns would... » 
Rising tensions on the Russia-Ukraine border have raised fears that Europe’s gas supply crisis could become far more serious. Gas market prices have already surpassed record highs and threaten to saddle European households with a cost of living crisis. Russia is Europe’s largest supplier of gas, of which a third flows through Ukraine’s gas pipelines to countries across the continent. Russian gas flows have been a quarter lower than usual... » 
The European Union is talking with partners about the potential for increasing gas supplies to the bloc, Energy Commissioner Kadri Simson said after a meeting with European energy ministers in France on Saturday. A gas supply crunch in Europe, widely blamed on a dearth of gas flows from Russia, has caused energy prices to soar. Moscow denies manipulating supplies. Simson said she would attend conferences in Azerbaijan and Washington in... » 
Total Energies and Chevron, two of the world’s largest energy companies, said Friday they were stopping all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country’s military overthrew the elected government in February. The announcement came just a day after the French company called for international sanctions targeting the oil and gas sector, which remains one of the military government’s primary sources of... » 
The Bangladesh Energy Regulatory Commission or BERC turned down a proposal from the distributors to hike gas prices in early January because all the requirements for filing the applications were “not fulfilled”. Some others are now trying to push it through. “We had received proposals from several distributors, but we rejected them as they were not pursuant to BERC laws and regulations,” BERC Chairman Md Abdul Jalil said on Thursday.... »
The Bangladesh Energy Regulatory Commission or BERC turned down a proposal from the distributors to hike gas prices in early January because all the requirements for filing the applications were “not fulfilled”. Some others are now trying to push it through. “We had received proposals from several distributors, but we rejected them as they were not pursuant to BERC laws and regulations,” BERC Chairman Md Abdul Jalil said on Thursday.... »