Energy Bangla

After the massive influx of U.S. liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for U.S. liquefied natural gas over the past three months as concern about the geopolitical tensions around Ukraine prompted the EU to seek alternatives for Russian gas in case Moscow... »

A four-day public hearing on proposed steep raise in gas tariffs starts on March 21 as the energy regulator allegedly overlooks protests from businesspeople and rights groups. The Bangladesh Energy Regulatory Commission (BERC) has arranged the hearing to justify tariff-hike proposals for all types of consumers, including households, by around 117.41 per cent. A senior BERC official says the proceedings are set to kick off with presentation from state-run Petrobangla... »

The deepening natural gas crisis and the dependency on imported Liquefied Natural Gas (LNG) for power and industries are the results of reluctance to explore new gas fields, academics and sector experts have said. Stating Bangladesh is enriched with natural gas, they alleged that the government agencies and insiders are more interested in importing LNG than investing money and efforts into exploring third natural gas resources. Speakers said these at... »

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... »