Energy Bangla

Gazprom, the oil giant of Russian Federation, has signed two memorandums of understanding (MoUs) with Petrobangla and Bapex on Tuesday. Under the MoUs, both Bangladesh’s state- owned companies and Gazprom will do some strategic programme in future and drill three wells in the country. “We signed a strategic MoU with Gazprom, under which the world giant will explore oil and gas in onshore and offshore areas of the country. It... »

Bangladesh has started commercial export of liquefied petroleum gas (LPG) to neighbouring India with initial shipment of around 1,000 tonnes per month. Two privately owned firms — Omera Petroleum and Beximco LPG — are now exporting LPG to Tripura, a landlocked northeastern state of India, by road. Presently, each of the firms is exporting around 500 tonnes a month, and the volume may climb to around 2,500 tonnes within several... »

The government has appointed additional secretary of the Energy and Mineral Resources Division Abul Bashar Mohammed Abdul Fattah as the chairman of Petrobangla. The Ministry of Public Administration issues a circular in this regard today (Sunday).

The government has placed the yoke of buying prepaid meters on the consumers’ shoulders by issuing a gazette from the Ministry of Energy and Mineral Resources on December 11, which said that the household gas consumers have to buy their own meters from the market. As per the new policy of prepaid gas meter installation and purchase, the consumers have to request the utility agencies to install the meters. Although,... »

The High Court (HC) yesterday directed the US energy giant, Chevron Bangladesh, to pay Tk 604 crore to officers and workers in Bangladesh as profit sharing in accordance with the labour law. An HC bench, comprising Justice Tariq-ul Hakim and Justice Iqbal Kabir, came up with the directive, while both the petitioners and defence informed the bench that they have reached a settlement outside the court. The HC bench, then,... »

India on Saturday signed three pacts with Bangladesh, including one for importing liquefied petroleum gas (LPG), with Prime Minister Narendra Modi saying the motto behind such initiatives is to ensure ease of living in both the countries and strengthening bilateral ties. The pacts were signed after detailed talks between Modi and visiting Bangladesh Prime Minister Sheikh Hasina here. The other two pacts relate to vocational training and setting up of... »

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said coordinated efforts of all government and private organizations can resolve all the existing incompatibilities and problems of the power sector quickly. “Government-Private organizations need to increase their coordination for the quick resolution of all existing inconsistencies regarding power sector,” he said. The State Minister stated this while addressing a meeting held for supply uninterrupted power supply to the industries and factories at Bidyut Bhaban... »

The government has short listed 17 companies for buying Liquefied Natural Gas (LNG) to meet the growing demand of energy in the country. “The Cabinet Committee on Economic Affairs approved a draft of Master Sale and Purchase Agreement (MSPA) with the 17 companies in connection to the purchase,” Finance Minister AHM Mustafa Kamal told journalists at the Secretariat in the capital this afternoon. The Finance Minister said the government has... »

The country’s bulk consumers of gas may have negotiable tariff structure for the fuel under a proposed government gas allocation policy. The government may enter into an especial sales agreement with bulk consumers in future, a senior official of the energy and mineral resources division told the FE on Thursday. The official, however, did not elaborate on the type of consumers to be brought under such an arrangement. Currently the... »

Bangladesh plans to set up another pipeline near Satkhira border to import LNG from India to feed Sunderban Gas Distribution Company. The new pipeline will supply fuel based power plants and industries in the south-eastern part of the country. Bangladesh currently imports around 4,400 tonnes of diesel every month from the Numaligarh refinery of Assam, owned by another state-owned Indian oil company, the Bharat Petroleum Corporation Ltd. (BPCL). “The GTCL... »