Energy Bangla

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... »

  State Minister for Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid on Friday said the country’s power sector professionals should be prepared to overcome the challenges towards supplying uninterrupted power at affordable price. “The workforce related to the power sector should be trained well to make the country’s power generation and distribution system more efficient and cost effective,” he said. The State Minister was addressing a seminar to observe... »

The National Energy Security Day will be observed today commemorating the historic decision taken by Father of the Nation Bangabandhu Sheikh Mujibur Rahman on August 9 in 1975. After independence, Bangabandhu had undertaken various initiatives to develop the country’s energy sector and bought five gas fields from the then British Oil company ‘Shell Oil’ for the state at a nominal price. The government has been observing the day since 2010.... »

Gas stations across the country will remain open for 24 hours for 10 days to facilitate people’s homebound journey to celebrate the Eid-ul-Azha, which may fall on Aug 12. “The movement of heavy vehicles will remain suspended for three days before and after the Eid. But vehicles carrying perishable goods, garments and medicines will operate as usual,” said Road Transport and Bridges Minister Obaidul Quader at a news briefing on... »

Prime Minister Sheikh Hasina yesterday said those who are criticising the gas price hike have failed to understand the reality and didn’t see the development works carried out by the government. Hasina said the import cost of each cubic feet of LNG was Tk 61.12, but it was being sold at Tk 9.80 by providing a sizeable subsidy of Tk 51.80. “We need to provide a subsidy of Tk 19,310... »