Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Jun 24, 2018

Gas Sector

Power Cell has selected three international firms from five for awarding contract to build the country’s first onshore LNG terminal at Matarbari in Moheshkhali Island in the Bay of Bengal, sources said. The selected firms are Japan’s Mitsui & Company Ltd, India’s Petronet LNG Ltd, and Royal Dutch’s Shell EP International Ltd. The evaluation committee of Power Cell, a state-owned entity under the ministry of power, energy and mineral resources... »
Russia watchers are rightly focusing on the latest brittle ceasefire in Ukraine, seeking to discern President Vladimir Putin’s intentions there. But they would be wise not to overlook another unfolding struggle – one that will have profound long-term consequences for Europe and for Putin’s ability to exert pressure on the continent. Last December, Russian’s giant gas firm, Gazprom, and a Turkish pipeline company signed a memorandum of understanding to construct... »
Starting next year, customers of the state-run Titas Gas Transmission and Distribution Company Ltd will be able to pay their bills online. A deal was signed yesterday in this regard between Titas and a Bangladeshi consortium of Devine IT Ltd, Businessland Ltd and Rightbrain Solution Ltd. Mustaque Ahmed, secretary at Titas, and Ashraf Uddin Mukit, director of Devine IT Ltd and on behalf of the consortium, signed the deal at... »
Titas Gas customers will get a facility to pay their bills online as the country’s largest gas distribution company is set to sign a contract today with an IT consortium to introduce modern total integrated open architectural (TIOA) system. After its installation, 1.8 million consumers from households to largest power companies will be able to pay their bills online, without going to bank, Nowshad Islam, managing director of Titas Gas... »
Petrobangla, the state-run oil, gas and mineral corporation, signed a “Term sheet for terminal use agreement” with Excelerate Energy Limited Partnership, a Singapore-based US company, at Petrobangla auditorium in the city on Wednesday to install the country’s first floating LNG terminal in Cox’s Bazar. The LNG stands for liquefied natural gas. The government needs to spend about $2.7 billion excluding $2.58 billion for LNG import and around $90.16 million for... »
The Cabinet Committee on Government Economic affairs on Wednesday approved a proposal of Petrobangla to award three deep-sea gas blocks to the US-based ConocoPhillips and Norway-based Statoil ASA for exploring oil and gas in the Bay of Bengal. The approval was given at its regular meeting with the Finance Minister Abul Maal Abdul Muhith in the chair. According to the proposal, the international oil companies (IOCs) would spend around $US69... »
Petrobangla, the state owned oil and gas corporation, is set to award US-based ConocoPhillips and Norway-based Statoil ASA the task of exploring oil and gas in three deep-sea blocks in the Bay of Bengal, known as offshore blocks 12, 16 and 21 soon. Prime Minister Sheikh Hasina, the Minister for the Power, Energy and Mineral Resources, has approved the draft Production Sharing Contract (PSC) in this connection in the last... »
Petrobangla invites bid for 2D Non-Exclusive Multi-Client marine survey State-owned Petrobangla has invited international tender for 2D Non-Exclusive Multi-Client marine seismic survey for its maritime territory in the Bay of Bengal. According to official sources, the national hydrocarbon agency published the tender notices in different local newspapers and on its own website recently asking interested international geophysics companies to submit their respective bids by March 29 this year. “This is... »
India’s biggest gas importer Petronet LNG is one of the companies shortlisted to build a liquefied natural gas terminal in neighbouring Bangladesh, a company executive said on Thursday. “They called for expressions of interest and we participated and have been shortlisted by the Bangladesh government,” Managing Director A.K. Balyan told reporters in New Delhi. Balyan said that the company selected will be responsible for sourcing of gas, building and operating... »
The technical evaluation committee of the Bangladesh Energy Regulatory Commission (BERC) gave the opinion that there is no reason to raise the retail gas tariff by Karnaphuli Gas Distribution Company Limited (KGDCL), as the company is already making profit. It, however, has recommended a 2.49 percent hike in retail gas tariff by Bakhrabad Gas Distribution Company Limited (BGDCL) as its operating revenue makes a shortfall of Tk 381.27 million compared... »