Energy Bangla

Energy electricity and environment news portal

Dhaka Monday,  Jul 23, 2018

Gas Sector

The National Energy Security Day-2014 is being observed Saturday commemorating the historic decision taken by Father of the Nation Bangabandhu Sheikh Mujibur Rahman on this day in 1975. President M Abdul Hamid and Prime Minister Sheikh Hasina gave separate messages on the eve of the day. In his message, President Abdul Hamid said: “Following the footprint of Bangabandhu, Awami League government always gives priority to energy security of the country.... »
DHAKA, July 10, 2014: Prime Minister Sheikh Hasina today urged the Russian state-run oil and gas exploration company Gazprom to conduct more seismic surveys in Bangladesh for exploration of more gas. The Prime Minister made the request when a delegation of Gazprom International, led by its CEO Valeriy Gulev, called on the PM at her official Ganobhaban residence here this morning. Briefing reporters after the meeting, PM’s Press Secretary AKM... »
The International Centre for Settlement of Investment Disputes on Sunday barred Niko Resources, a Canadian oil company, to selling its assets in Bangladesh until the disputes with ICSID is settled, officials said. The international arbitration court asked Niko to give undertakings that the company would not sell its assets in Bangladesh, Petrobangla secretary Imam Hossain told. He said that the ICSID also deferred its ruling over the dispute about Niko’s... »
Fourteen people were killed and 20 injured on Friday in a blast and fire at a gas pipeline in the southern Indian state of Andhra Pradesh, again raising safety concerns over the country’s energy projects. The fire broke out on a stretch of pipeline running through the village of Nagaram, engulfing buildings and burning victims to death, according to TV news footage and eyewitness accounts. Many such projects are opposed... »
Singapore-based Astra Oil and Excelerate Energy Consortium will realise about three time than its investment as the government would pay it $1,352.4 million in 15 years against its investment of about $500 million for processing imported LNG into natural gas. The data was revealed on Thursday evening when Petrobangla, the state-run Oil, Gas and Mineral Resources Corporation, and the Astra-Excelerate consortium endorsed the Term Sheet of a contract to set... »
By James Stafford: Liquefied natural gas (LNG) to Europe isn’t a get-rich-quick scenario for the impatient investor: It’s a long, strategic play for the sophisticated investor who can handle no small amount of politics and geopolitics along the way. When it comes to Europe, Russia’s strategy to divide and conquer has worked so far, but Gazprom is a fragile giant that will eventually feel the pressure of LNG. Robert Bensh... »
Bangladesh Petroleum Exploration Company (BAPEX) has discovered a new gas field at Purbachal in Narayanganj. Petrobangla’s Chairman Prof Dr M Hossain Monsur told the reporter. He said, the 26th gas reservoir of the country has been found at sector-20 of Rajdhani Unnayan Kartripakkha’s Purbachal plot. Bapex started drilling in Rupganj from March under a Tk 65 crore programme.The total volume of gas in the reservoir will be 50 crore cubic... »
Nairobi, 7 June 2014 – Rapidly rising prices—metal up by 176 per cent, rubber by 350 per cent, and energy by 260 per cent since 2000—signal a potentially crippling trend of increasing costs as current consumption patterns rapidly deplete the world’s non-renewable resources, according to a new report released today. Decoupling 2: Technologies, Opportunities and Policy Options, produced by the United Nations Environment Programme-hosted International Resource Panel (IRP), says the... »
Bangladesh will going to sign an initial agreement in end-May with the US consortium comprising Astra Oil and Excelerate Energy for building the country’s first LNG import terminal at Moheshkhali Island. Top officials from Petrobangla and Bangladesh’s Energy and Mineral Resources Division under the Ministry of Power, Energy and Mineral Resources, and representatives from the US consortium met in Dhaka 8th may to resolve almost all issues regarding the contract.... »
The Foreign Investors on oil gas sector in Bangladesh demanded a hike in the tariff for offshore oil and gas exploration under the model production sharing contract (PSC) and also sought to allow exploration activities in the onshore blocks of the Bay. A nine-member delegation of the Foreign Investors’ Chamber of Commerce & Industry (FICCI) led by its Vice-President Geoffrey Strong made the demand during a meeting with the State... »