Ilisha-1 in Bhola district was announced to be the 29th gas field of Bangladesh where substantial gas was found recently. “We believe, Ilisha-1 has a reserve of 200 billion cubic feet (bcf) of gas. The entire Bhola area, including this one, has a reserve of 3 trillion cubic feet (tcf) of gas,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid told reporters today (May 22, 2023) during a... »
Titas Gas Transmission and Distribution Company, the largest gas distribution utility in Bangladesh, has recently submitted a proposal to the energy regulator to charge its existing more than 2.5 million fixed-price subscribers extra, claiming its investigation found that these subscribers have been using more units of gas than they are legally allocated. If Bangladesh Energy Regulatory Commission, or BERC, approves the proposal, the charges of the fixed-price subscribers will go... »
One of the country’s two LNG re-gasification units resumed operation early Monday, but is yet to ease gas supply across the country. “We could resume re-gasification at Summit Group’s FSRU this (Monday) morning,” Petrobangla chairman Zanendra Nath Sarker told, saying that the FSRU was synchronised with the mooring system at Moheshkhali early in the morning. The other one of Excelerate Energy, which was taken to the deep sea to avert... »
The government has approved the import of four cargoes of liquified natural gas, or LNG, as the prices continue to fall on the international market. The cabinet committee on government purchase cleared the proposals to buy the LNG on Wednesday, Additional Cabinet Secretary Sayeed Mahbub Khan said. Under the proposals, the government will buy 3.36 million MMBtu of LNG from Singapore’s Vitol Asia at $10.98 per unit and another 3.36... »
A new gas well, named Ilisha-1, has been discovered in Bhola, capable of extracting 20 to 22 million cubic feet of gas daily. BAPEX, the Bangladesh Petroleum Exploration and Production Company Limited, has successfully extracted gas experimentally from the well, bringing the total number of wells discovered in the district to nine. If everything goes well, gas extraction will officially begin on May 15th, according to BAPEX. The government has... »
The European Union launched a scheme on Tuesday for European companies to place orders to jointly buy gas, with the aim of ensuring Europe has enough fuel and avoiding a repeat of last year’s record-high energy prices. Companies have until May 2 to register how much gas they want to buy through the EU scheme, which will exclude Russian gas. The platform will then collect offers from global suppliers to... »
Energy Division has clarified about gas leakage in many parts of the capital city and urged city dwellers not to be panicked about it. Power, Energy and Mineral Resources Ministry issued a statement immediate after the gas leakage in some areas including Rampura, Badda, Banshree and Bailey Road on Monday. The gas leakage took place from 10:30 to 11:00 on Monday night, said statement on Tuesday. Soon after the leakage,... »