Energy Bangla

Hearing on gas price is starting from august. Bangladesh Energy Regulatory Commission (BERC) will begin an eight-day hearing. The hearing will continue from 7 to 18 August. It will hold on gas transmission tariff and price hike proposals submitted by seven state-owned gas transmission and distribution companies. It will also hold a hearing on gas bulk tariff. The interested persons and organisations will have to write to the commission by... »

Dhaka Chamber of Commerce and Industry (DCCI) today requested the government not to raise existing gas price at this moment for maintaining country’s economic growth. “Gas price hike is likely to affect the country’s import substitute and export-led industries including Ready Made Garments (RMG),” DCCI said in a statement. The DCCI made the request in view of a report that government proposed 88 percent hike, on an average, of the... »

Petrobangla signed the final deal with Excelerate Energy Bangladesh Limited (EEBL) to build the country’s first liquefied natural gas (LNG) processing terminal. Today PetroBangla signed the agreement with USA based company Excelerate Energy at Petro Centre. Secretary of Petrobangla Sayed Ashfakujjan and Chief Develpoment officer of Excilerate Danial Bustos signed the deal on behalf of their respective institutions. Among others, the contract agreement signing ceremony was attended by the Advisor... »

India’s biggest gas importer Petronet LNG Ltd has plans to set up a Rs 5,000 crore LNG import terminal at Kutubdia islands in Bangladesh as it looks to build terminals to feed demand in neighbouring countries. “We have proposed to construct a 5 million tons per annum capacity liquefied natural gas (LNG) import terminal at Kutubdia islands off Cox’s Bazar,” Petronet Managing Director & CEO Prabhat Singh told PTI here.... »

Bangladesh Petroleum Exploration and Production Company (Bapex) and Australian oil company Santos on Monday singed binding offer agreement to form a joint venture for oil and gas exploration. Bapex will have 49 per cent stakes in the joint venture for oil and gas exploration at Magnama in offshore block- 16 in the Bay of Bengal. Both the parties would sign the contract to form the JV company later after obtaining... »

Bangladesh Petroleum Exploration and Production Company (Bapex) is planning to form a joint venture company with Russian giant Gazprom. A working group is already formed comprising of both Bapex and Gazprom officials that will facilitate all necessary procedures including the issues of registration in the joint stock company to form a joint venture company. The decision was made at a meeting between the Energy division led by the state minister... »

Chhatak gas field, widely known as Tengratila gas field, is still leaking after 11 years of two blowouts because of alleged negligence of Niko Resources (Bangladesh) Ltd, the foreign operator of the field. The power, energy and mineral resources ministry in early June asked ministries concerned, including agriculture and environment ministries, to examine the impact of continuous gas seepage on the inhabitants, crops, water and environment at Tengratila, said ministry... »

India has proposed to install a Liquefied Natural Gas (LNG) terminal in Kutubdia of Chittagong. The country is willing to supply bottled Gas to its northeast states by using this terminal. However, Bangladesh intends to take a decision by further negotiation regarding this issue. An Energy Dialogue between Bangladesh and India was arranged in Delhi on Monday and both countries have discussed on their respective interest regarding the energy sector... »

Magurchara-Tengratila devastating gas explosion day would be observed today. The devastating gas explosion had occurred on June 14, 1997 while the oil and gas company, Occidental, was drilling at Magurchara, northeast Moulvibazar district. It destroyed 245 billion cubic feet natural gas side by side with causing serious damages to environment, ecology and wildlifeand permanently damaging vast areas there, according to a probe report. Different organizations have chalked out elaborately to... »

The signing of final deal on construction of the country’s first LNG (liquefied natural gas) import terminal with Excelerate Energy now awaits nod from the cabinet committee on public purchase, Petrobangla sources said. “We’ve sent the proposal of inking final construction deal of the LNG terminal to the purchase committee,” Petrobangla chairman Istiaque Ahmad told on Thursday. He said the final deal will be inked between Excelerate Energy Bangladesh Ltd... »