Energy Bangla

Energy electricity and environment news portal

Dhaka Saturday,  Mar 23, 2019

Gas Sector

The government has claimed liquidated damage (LD) from the US-based Excelerate Energy Bangladesh Ltd (EEBL), as the latter ‘failed’ to commission and initiate re-gasification of imported LNG (liquefied natural gas) timely, said officials. The loss caused due to delay or failure in completion of the work as per the agreed contract conditions imposed by the employer or client is meant as LD. A senior official of the Petrobangla said the... »
Consumers’ right groups on Thursday severely criticized the gas distribution companies for sanctioning loan for gas and oil exploration without approval from the regulatory authority Bangladesh Energy Regulatory Commission (BERC). According to sources, various gas distribution companies have already provided Tk 230 crore loan to state-owned Bapex to help facilitate exploration of oil and gas in a shallow sea block in the Bay. In return the Bapex will pay back... »
Titas Gas Transmission and Distribution Company Ltd (TGTDCL) on Tuesday urged the government to raise its average tariff rate for per cubic meter gas to Tk 0.4987 considering the cost of Liquified Natural Gas (LNG) import. TGTDCL managing director Mir Mashiur Rahman made the plea at a public hearing on Tuesday over the proposed price hike of natural gas. “We require the tariff hike to overcome fund crisis, ensure private... »
The public hearing on the proposals for raising gas prices started at the Bangladesh Energy Regulatory Commission (BERC) in Dhaka on Monday. On the first day of the hearing held at TCB Auditorium, the body heard the appeal of state-owned Gas Transmission Company Limited (GTCL) which sought a hike in its transmission charge by 68.65 per cent to Tk 0.4476 per cubic metre (CM) from the existing Tk 0.2654. To... »
All state-owned gas distribution and transmission companies including Titas Gas have sought to hike gas prices on an average 75 per cent for different consumer groups. Such price increase proposals, however, were not meant for household and commercial consumers. If it came in force, hike would mainly affect large scale consumers like power plants, fertiliser factories, captive power plants, industries, and CNG refuelling stations. Against this backdrop, hearing on gas... »
Neil Menzies has been appointed President of Chevron Bangladesh, effective June 3, 2018. Prior to this assignment, Mr Menzies was Deputy Managing Director of Chevron’s Eurasia Business Unit. In his new role, Neil will lead Chevron’s partnership with the Government of Bangladesh to continue providing reliable and affordable energy to the people of Bangladesh. Chevron is one of Bangladesh’s largest investors, supplying over 50 percent of the country’s natural gas... »
Indian firm ONGC Videsh Limited, the contractor for the country’s two shallow sea blocks, plans to drill first exploratory well ‘Kanchan-1’ in shallow sea (SS) block-04 at Moheskhali in coming dry season, an official confirmed. The ONGC Videsh was scheduled to start drilling of its first exploratory well ‘Kanchan-1’ in March last which was later deferred. Now, they sat new timeframe in October-November next. The company signed a deal in... »
Thousands of households in Dhaka have been facing severe shortage of gas supply for the past one week although the supplies to other major consumers like power stations, CNG filling stations and fertiliser factories are being staggered. Allegations of gas supply shortage have been raised from almost all major areas of the capital, particularly residential buildings located a bit far from the main roads or the gas transmission and distribution... »
Swiss-based commodity traders Trafigura, Vitol and Gunvor were all pursuing LNG import projects in Bangladesh Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating liquefied natural gas (LNG) import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project. Once considered an energy backwater, Bangladesh’s LNG demand is set to hit 17.5 million tons annually by 2025 after importing... »
As per the government’s move to ensure energy security in the country, the state owned Petrobangla yesterday signed an agreement with Oman Trading International (OTI) for importing one million tonnes of Natural Liquefied Gas (LNG) from Oman. Secretary of Petrobangla Syed Ashfaquzzaman and Attorney of OTI, a state-owned organization of Oman signed the contract on behalf of their respective sides at Petrobangla Bhaban here. State Minister for Power Energy and... »