Energy Bangla

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)... »

The cabinet has given its consent to cut down a number of trees to ease the installation of gas transmission line. Titas Gas Transmission and Distribution Company Limited will build the transmission line from Sripur to Gazipur by cutting down a total of 13 thousands and 356 trees. This special approval came from a scheduled cabinet meeting chaired by the Prime Minister Sheikh Hasina on Monday. After the meeting, the... »

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... »

The state-owned Bangladesh Petroleum Exploration and Production Company Limited, also known as Bapex is about to begin an exploration at the offshore block-16 with the assistance from the Australian oil company Santos. Bapex’s parent organization Petrobangla, the state-run Oil, Gas, and Mineral Resources Corporation have already drafted a ‘Sales Purchase Agreement’ (SPA) to conduct the exploration. The SPA draft was sent to the Executive Committee of the National Economic Council... »

Summit Group is about to set up a floating Liquefied Natural gas (LNG) terminal at the offshore island of Maheshkhali in Cox’sbazaar. Summit will implement the project jointly with US-based GE as equity investment partner, and plans to implement the LNG terminal project with its own funds. Summit Group has signed an initial contract with Petrobangla to set up a Liquefied Natural Gas (LNG) terminal on Moheshkhali Island in Cox’s... »

A land-based LNG (Liquefied Natural Gas) terminal is about to be built on the island of Kutubdia, Cox’sbazar. Bangladesh Oil, Gas & Mineral Corporation which is also known as Petrobangla has signed a Memorandum of Understanding (MoU) with an Indian energy company named Petronet to setup this LNG infrastructure. According to the agreement, the capacity of the terminal is expected to be 7.5 MMTPA (1,000 MMSCFD) at an expected project... »

The government signed with the Asian Development Bank (ADB) a $167 million loan agreement for financing a project to improve infrastructure and operational efficiency of the country’s gas sector. The Asian Infrastructure Development Bank (AIIB) is expected to co-finance the project with an additional $60 million. The total cost of the project is $453 million, of which the government will finance $226 million from its own source. Thursday Senior Secretary... »

The gas distribution companies are deceiving their customers as the customers are getting far less amount of gas than they are billed for. The distributor companies are like making extra money by only providing the bill reciept, but not the allocated gas. State-run Petrobangla reported that, 13 percent of the total gas is used in the households while 17 percent in industries, 6 percent in fertilizer factories and 5.5 percent... »

Leftist leaders have criticized the recent government decision on gas price hike. They alleged that the government is raising the price in favor of multinational companies. They have threatened to call for serious steps if gas price is ultimately raised. Leaders of different left parties have organized a sit-in program before the Bangladesh Energy Regulatory Commission (BERC) at Kawranbazar on Wednesday and expressed their anger in such a way. They... »

Industries will be able to get uninterrupted gas supplies within the next 2 years, said the state minister for Power, Energy and Mineral Resources. On the other hand, the government is facilitating the Liquefied Petroleum Gas (LPG) for household subscribers, he added. The state minister assured about the industrial gas supply while speaking at a conference on ‘New Economic Thinking: Bangladesh 2030 and Beyond’ organized at the Radisson Hotel. The... »