Energy Bangla

The state-run Petrobangla will earn a noticeable amount from selling the pipelined gas to household consumers at the newest price. In fact, household gas will generate the highest profit in the upcoming months, while the household users consume the least amount of gas! The government has recently hiked the price of natural gas, which drew flak from various sectors including citizens from all walk of life. The extra amount that... »

State-owned ONGC will invest over Rs 21,500 crore to develop India’s deepest gas discovery by 2022-23, helping it more than double output from its prime KG basin block. Oil and Natural Gas Corp (ONGC), which had last year firmed up an investment of Rs 34,012 crore in bringing to production 10 oil and gas discoveries in its Bay of Bengal block KG-DWN-98/2 (KG-D5), plans to invest another Rs 21,528.10 crore... »

The state-run energy company Petrobangla has signed a Production Sharing Contract (PSC) for exploration of the gas and oil from the deep sea with keeping an opportunity of exporting them, after winning of the maritime boundary. South Korean resource developer Posco Daewoo Corporation got that opportunity without any competition and signed the PSC with Petrobangla for exploration of gas and oil on block-12 (DS-12) in the deep sea. This is... »

The state-owned energy company-Petrobangla-today signed a deal with South Korea’s Posco Daewoo Corporation for exploration of gas and oil on 12 block in the deep sea. Deputy Secretary of Energy and Mineral Resources Division Khadiza Nazneen, Secretary of Petrobangla Syed Ashfaquzzaman and Vice President of Daewoo Se Bo Jo signed the production sharing contract (PSC) on behalf of their respective sides at Petrobangla office in Dhaka. Prime minister’s Power, Energy... »

Titas Gas Transmission and Distribution Company limited, one of the state-owned distribution authority has disconnected a total of 98 thousand 170 illegal gas connections including 6 CNG stations, 2 industries as well as 131.56 kilometers of gas line in this last February. A mobile court headed by an executive Magistrate conducts the drive. At least 32 individual drives were conducted to detect and eliminate those illegal gas connections, claimed the... »

The government has set a plan to import Liquefied Natural Gas (LNG) from abroad to meet the country’s ever growing demand of natural gas. The price of LNG will be at least 3 times higher than that of natural gas; as a result the government is planning to waive taxes at importing LNG. Recently a discussion meeting held on adjusting the price of gas after LNG import. The meeting was... »

Tofael Ahmed, the commerce minister said that, the country’s prevailing gas crisis would be solved within the year of 2018. The country’s reserve of gas is depleting and that’s why the government is planning to import Liquefied Natural Gas (LNG) from abroad to meet the country’s growing demand for gas in every sector. Tofael Ahmed said, the imported LNG would be regasified and then would be supplied to the national... »

The state minister for power, energy and mineral resources Nasrul Hamid said that, the government is trying to reduce the subsidies on gas and that is why the gas price was hiked. On the other hand, the planned import of Liquefied Natural Gas (LNG) which is actually a lot costlier than natural gas, so there is a demand in adjusting the price of both of the gasses. The state minister... »

China is about to buy the assets of Chevron in Bangladesh. Chevron Bangladesh has signed a preliminary deal with the China’s state-owned Zhenhua Oil to sell its assets in the country which includes 3 of the gas fields currently operated by Chevron, reports Reuters. Chevron Bangladesh’s external communications manager Shaikh Jahidur Rahman said, “We can confirm that Chevron has been in commercial discussions about our interests in Bangladesh.  We will... »

The High Court has put a six-month embargo on the government’s decision to increase prices of household and industrial gas for a second time in June this year. Tuesday’s order came from the bench of justices Moyeenul Islam Chowdhury and JBM Hassan after a primary hearing on a writ petition filed by Consumer Association of Bangladesh a day ago. Last week, the regulator announced it would hike gas prices twice... »