Energy Bangla

Energy Adviser Muhammad Fouzul Kabir Khan today clearly said that the government will not provide new gas connections to households. “There is no possibility of providing gas connections to residences. If I had the opportunity, I would have turned off the gas connections to all houses in Dhaka,” he made the remarks responding to a question after visiting Kailashtila-7 and Sylhet-10 gas wells at Golapganj Upazila in Sylhet. The adviser... »

The Finance Adviser Salehuddin Ahmed’s proposal to wave the 15 per cent import-stage Value Added Tax (VAT) on LNG import will not give any benefit to the consumers, it will help Petrobangla, another government entity to manage its financial book and the consumers will have to pay more to pull out the Petrobangla from financial crunch in future, experts said. “In a significant move to alleviate the import costs of... »

To address the gas crisis in factories, the government has decided to supply an additional 250 million cubic feet per day (mmcfd) of gas to industries. As part of this plan, four additional LNG cargoes will be imported between May and August at an estimated cost of Tk2,800 crore, said Muhammad Fouzul Kabir Khan, Adviser to the Ministry of Power, Energy and Mineral Resources. He disclosed this information to reporters... »

The Bangladesh Energy Regulatory Commission (BERC) has raised the gas prices for new industries and captive power plants by 33 percent, effective from April 13 (Sunday). BERC chairman Jalal Ahmed announced the new rates  at a press briefing on Sunday. According to the new rates, industrial consumers have now to pay Tk 40 per cubic metre of gas, up from the previous Tk 30. Captive power plants have to pay... »

The price of a 12kg LPG cylinder will remain unchanged at Tk1,450 for the month of April. The new price will be effective from 6 pm on April 6 (Sunday). As per the announcement of the Bangladesh Energy Regulatory Commission (BERC), the price of per kg LP gas has been kept unchanged at Tk120.81 for the month of April. The prices for other sizes of LPG cylinders—ranging from 5.5 kg... »

Europe’s gas storage levels this week reached an uncomfortably low level of some 34% full. Germany’s alone has dropped to 29%. Yet LNG imports are about to pick up and, for a change, prices might not surge—thanks to China. Earlier this month, Kpler data showed that China’s imports of liquefied natural gas had slumped to the lowest level in five years. At 4.5 million tons in total, these imports reflected... »

Global energy demand grew at a faster-than-average pace in 2024 as the consumption of electricity rose around the world – with increased supply of renewables and natural gas covering the majority of additional energy needs, according to a new IEA report. The latest edition of the IEA’s Global Energy Review, published today, is the first global assessment of 2024 trends across the energy sector. Based on the most recent data,... »

The High Court today directed the authorities not to proceed with the tender process for establishing a third LNG terminal (FSRU) at Maheshkhali in the Bay of Bengal until its further order. The order follows a writ petition filed by Summit LNG Terminal II Co, which challenged the legality of the government’s decision to terminate its agreement for the project. Report Daily Star A High Court bench of Justice Md... »

The government approved separate proposals on Tuesday for procuring one cargo of LNG and 72,897 SPC poles to meet the growing demand for energy and strengthen the country’s power distribution system. The approvals came during the 11th meeting of the Advisers’ Council Committee on Government Purchase, in the Cabinet Division Conference Room at the Bangladesh Secretariat. Following a proposal from the Energy and Mineral Resources Division, Petrobangla will procure one... »

Aramco has agreed to supply liquefied natural gas (LNG) to Bangladesh at cheaper prices, Environment, Forests and Climate Change Adviser Syeda Rizwana Hasan said today (4 March). Speaking to reporters at the Foreign Service Academy, the adviser said the government has decided to import LNG from two countries to meet the country’s energy demands. Rizwana also emphasised that there is no scope for “mob justice” or “moral policing” in the... »