Energy Bangla

Petronet LNG, India’s gas importer, signed a revised contract with RasGas of Qatar to import gas at a significantly lower price, as a reflection of falling global prices. The new contract will save downstream consumers in India around Rs 4,000 crore a year, according to Oil Minister Dharmendra Pradhan. “The new formula between the two companies is in the interests of a win-win. Where the previous contract meant that Petronet... »

Government seturday declared 2016 as the ‘Year of LPG Consumers’ while unveiling plans to make the clean cooking fuel available to all households by end of 2018 and roll out online bill payment facility and transparent gas cylinders. “The 2016 will be Year of LPG Consumers. We will work to increase accessibility and availability of the cooking gas in the country. In coming three calender years 2016, 2017 and 2018,... »

A high official team of International Finance Corporation (IFC) will come in Dhaka on 6 January 2015 to discuss about the finance of land-based LNG terminal. The team will set with government on that issue. The LNG import initiative was taken in 2010. But in five years till 2015, it does not see lights at the end of the tunnel. Mohammad Hossain Director General of Power Cell, an advisory wing... »

Titas, gas field in Brahmanbaria, formerly starts Drilling in 25 no. well on Thursday. Director of Petrobangla (operation and mains) Jamil Ahmed Alim inaugurated the work. Program director of 25 no. well Ali Murteza and officials were present there. Managing director of Bangladesh Gas Field Kamruzzaman said, China’s contracting firm ‘Sinopac International Petroleum Service Corporation Limited’ is in charge of the drilling. Official informs, the drilling will be over within... »

Chevron has started producing gas from two new wells in the Bangladeshi state of Sylhet, aimed at easing the country’s chronic energy shortages. The US oil and energy company, the largest foreign investor in the Bangladesh’s energy sector, will initially produce around 130mn cubic feet of gas per day from the Jalalabad field, located 280km (175 miles) from the capital Dhaka. “This is the culmination of a long drilling campaign... »

The Asian Development Bank (ADB) has approved $1.2 billion in grants to reinforce ongoing energy projects in Afghanistan and to provide new funds to boost energy supply, improve power sector efficiency, and promote cross border trade in energy. The grants include $750 million from ADB’s Special Funds resources, and up to $450 million from the Afghanistan Infrastructure Trust Fund, which will be administered by ADB. The funds will be disbursed... »

The government has decided to provide subsidy facility to the LPG users. The consumers who are paying more compare to natural gas users will be returned excess money directly to their bank account. In this connection a meeting was hold on November 19 chaired by State Minister for Energy Nasrul Hamid. An official of Energy Division said the consumers who are using natural gas for cooking purpose now paying only... »

State-owned oil and gas exploration company Petrobangla is going to float re-tender for 2D survey in the Bay of Bengalfor assessing gas reserves. The company already has started the process for tendering. The decision has been taken in a recent meeting of the taskforce at Energy Division office. energy experts differed with the governments move for conducting the 2D survey only. Prof M Tamim, a noted energy expert of the... »

After a long time, Niko case is going to over in international tribunal. Last hearing will be held in 2 and 6 November and then the final verdict. Saturday, law minister Anisul Haque goes to London to discuss with the lawyers about the ongoing case. In Thursday Mr Haque said to Energybangla, we will discuss about the case with the attorneys what we can do on this case. He denied... »

The government may suspend piped gas supply to households and CNG stations in Chittagong to meet the rising demand of fuel in industrial units, State Minister for Power and Energy Nasrul Hamid said while placing his idea to solve the nagging energy crisis in the port city. The state minister said he will discuss the idea of suspending piped gas to households and CNG stations with his cabinet colleagues. “We... »