All the gas-fired power plants have shut down in Chittagong due to gas crisis. Gas allocated to the power plants is now being supplied to the fertiliser factories. Resumption of electricity supply from the power plants is uncertain. Electricity crisis in Chittagong has increased manifolds. Due to gas crisis the government operates the power plants and fertiliser factories alternatively. An official of the Power Development Board (PDB) said on February... »
It’s been almost 8 years since a foreign company has got the opportunity to export gas to outside Bangladesh, at least in papers. Australian oil company, Santos Bangladesh Limited (SPL) was given the opportunity to export gas if it finds any at the offshore block DS-16, which is about to be explored by Santos and Bapex soon. The exploration will start once the Sales Purchase Agreement (SPA) between Santos and... »
The government is going to install a total of 60,000 domestic prepaid gas meters in the residential areas of Chittagong to reduce pilferage and waste of gas. The project is likely to be completed by June of 2018 and would require an estimated cost of Tk 246 crore. The meters will be installed as part of the project titled ‘Natural Gas Efficiency Project’. Recently, an agreement between the state-owned Karnaphuli... »
The Cabinet Economic Affairs Committee approved a proposal in principle on Wednesday to allow the state-owned Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) to sign a Sale and Purchase Agreement (SPA) with Australian oil company Santos for offshore gas exploration at Deep Sea Block-16 (DS-16) under a joint venture. Bapex’s parent organization Petrobangla, the state-run Oil, Gas, and Mineral Resources Corporation have earlier drafted a ‘Sales Purchase Agreement’ (SPA)... »
Titas Gas Transmission and Distribution Company limited, one of the state owned distribution authority recently has disconnected a total of 66 thousands 904 illegal gas connections including 75.29 kilometers of gas line, one industrial and four commercial illegal gas connections. Titas said that, it has started conducting drive to snap the illegal connections and eventually cut them off. A mobile court headed by an executive Magistrate conducts the drive. The... »