Energy Bangla

The government is planning to import more liquefied natural gas (LNG) from the global market. During the recent state visit of Prime Minister Sheik Hasina in Brunai from April 21-23, a memorandum of understanding (MoU) was signed for LNG supply from the country. The State Minister for Power, Energy and Mineral Resources Nasrul Hamid, and Brunei’s energy, Manpower and Industry Minister Dr Awang Haji Mat Suny inked the MoU. Later,... »

Bangladesh’s second liquefied natural gas (LNG) terminal has started to feed gas to the national grid after completing commissioning late on Monday, the terminal’s operator said. Summit LNG Terminal completed the commissioning of its floating storage and regasification unit (FSRU) known as ‘Summit LNG’ late on Monday, about one month ahead of schedule, Singapore-based Summit Power International said in a statement. The FSRU is 75 percent owned by Summit Corp,... »

The government has given subsidy to Petrobangla of an amount of about BDT 1 thousand crore to compensate for the extra cost that was imposed on it due to the import of Liquefied Natural Gas (LNG). The government has subsidized the state-run petroleum agency Petrobangla for the first time since the beginning of LNG import that commenced in August of last year. Insider sources from the Petrobangla said that in... »

The Anti-Corruption Commission (ACC) has identified possible corruption in 22 sources of Titas Gas Transmission and Distribution Co. Ltd. These include illegal connection, illegal link renegotiation, meter tampering, excessive gas connection to boiler and generator, system loss, negiligence to install EVC (Electronic Volume Corrector) etc. The information was revealed in an investigative and observational report prepared by an organisational team of the ACC. ACC Commissioner Mohammad Mozammel Haque Khan submitted... »

The High Court (HC) yesterday observed that it would strictly monitor the Bangladesh Energy Regulatory Commission’s (BERC’s) ongoing public hearing for a further adjust in gas prices. It also asked the Anti-Corruption Commission (ACC) to become a party to a writ petition that challenged the legality of the public hearing. The HC bench of Justice FRM Nazmul Ahasan and Justice KM Kamrul Kader came up with the observation while hearing... »

Leaders of three of the most powerful business associations of the country-BGMEA, BTMA and BKMEA on Wednesday urged the government not to raise gas prices saying that they would have no option but to fold-up business if gas price is hiked unreasonably. “How could we sustain our industries if gas price is hiked 132 per cent as proposed by the gas distribution companies?” said Siddiqur Rahman, president of Bangladesh Garment... »

Bangladesh Energy Regulatory Commission (BERC) Chairman Monowar Islam has asked the gas distribution companies to submit rational and logical proposals before the Commission to remove consumers’ concern. “We are here not to listen to the illogical proposals from the utility agencies. We never increase tariff as per their recommendations. We have an independent technical committee where the proposals are evaluate first and then we (Commission) sit to discuss the issue... »

Dhaka, Mar 11 (UNB) – Entertaining a statement of the state-owned Petrobangla about its annual loss of Tk 24,540 crore in LNG import, Bangladesh Energy Regulatory Commission (BERC) on Monday started its four-day public hearing at TCB Auditorium in the city on gas tariff hike proposals. Participating in the hearing process, Petrobangla Chairman Ruhul Amin said the hydrocarbon agency will have to face this huge deficit in the account once... »

Bangladesh hasn’t yet managed to start exploration for oil and gas within its maritime boundary of Bay of Bengal. No visible initiatives are seen after almost 7 years been passed since Bangladesh has won in the disputes over the maritime boundary with its neighboring nations. Bangladesh took an initiative to explore it’s territorial maritime areas after it won the lawsuit against India and Myanmar respectively. However, the initiative has not... »

BSS: State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said price of Liquefied Petroleum Gas (LPG) must be reduced immediately as the government has taken measures to ensure gas supply for all at a reasonable price “We have undertaken initiatives to ensure energy supply to all at an affordable cost,” he told while inaugurating the South Asia LPG Summit 2019 as the chief guest here in the... »