Energy Bangla

The government has decided not to increase the price of gas for domestic consumers but will increase subsidy in importing LP gas that has been used for cooking purposes across the country. It has also decided to increase the price of gas that has been used for captive power generation. According to the Energy Ministry, this decision will help BERC to take its decision freely as the commission is an... »

Shell Eastern Petroleum Pte Ltd, a sister concern of British oil and gas giant Shell, which winded up its operations in Bangladesh in 1975, has shown interest to start a new offshore exploration venture in the Bay of Bengal. Dr Adrian Richard-son, Shell’s senior opportunity leader for Asia, showed the interest to the Bangladesh High Commissioner to Singapore Mahbub Uz Zaman recently. The company also showed interest to visit Dhaka... »

The state-owned gas company, Titas Gas, is proposing to pipe Liquefied Petroleum Gas (LPG) to houses that are off the natural gas grid, in a bid to deal with the shortage of natural gas. The aim of the project is to distribute cooking gas at an affordable price. “We have prepared a proposal to distribute piped gas to new areas under a pilot project based on LPG,” the general manager... »

Power Cell has selected three international firms from five for awarding contract to build the country’s first onshore LNG terminal at Matarbari in Moheshkhali Island in the Bay of Bengal, sources said. The selected firms are Japan’s Mitsui & Company Ltd, India’s Petronet LNG Ltd, and Royal Dutch’s Shell EP International Ltd. The evaluation committee of Power Cell, a state-owned entity under the ministry of power, energy and mineral resources... »

Russia watchers are rightly focusing on the latest brittle ceasefire in Ukraine, seeking to discern President Vladimir Putin’s intentions there. But they would be wise not to overlook another unfolding struggle – one that will have profound long-term consequences for Europe and for Putin’s ability to exert pressure on the continent. Last December, Russian’s giant gas firm, Gazprom, and a Turkish pipeline company signed a memorandum of understanding to construct... »

Starting next year, customers of the state-run Titas Gas Transmission and Distribution Company Ltd will be able to pay their bills online. A deal was signed yesterday in this regard between Titas and a Bangladeshi consortium of Devine IT Ltd, Businessland Ltd and Rightbrain Solution Ltd. Mustaque Ahmed, secretary at Titas, and Ashraf Uddin Mukit, director of Devine IT Ltd and on behalf of the consortium, signed the deal at... »

Titas Gas customers will get a facility to pay their bills online as the country’s largest gas distribution company is set to sign a contract today with an IT consortium to introduce modern total integrated open architectural (TIOA) system. After its installation, 1.8 million consumers from households to largest power companies will be able to pay their bills online, without going to bank, Nowshad Islam, managing director of Titas Gas... »

Petrobangla, the state-run oil, gas and mineral corporation, signed a “Term sheet for terminal use agreement” with Excelerate Energy Limited Partnership, a Singapore-based US company, at Petrobangla auditorium in the city on Wednesday to install the country’s first floating LNG terminal in Cox’s Bazar. The LNG stands for liquefied natural gas. The government needs to spend about $2.7 billion excluding $2.58 billion for LNG import and around $90.16 million for... »

The Cabinet Committee on Government Economic affairs on Wednesday approved a proposal of Petrobangla to award three deep-sea gas blocks to the US-based ConocoPhillips and Norway-based Statoil ASA for exploring oil and gas in the Bay of Bengal. The approval was given at its regular meeting with the Finance Minister Abul Maal Abdul Muhith in the chair. According to the proposal, the international oil companies (IOCs) would spend around $US69... »

Petrobangla, the state owned oil and gas corporation, is set to award US-based ConocoPhillips and Norway-based Statoil ASA the task of exploring oil and gas in three deep-sea blocks in the Bay of Bengal, known as offshore blocks 12, 16 and 21 soon. Prime Minister Sheikh Hasina, the Minister for the Power, Energy and Mineral Resources, has approved the draft Production Sharing Contract (PSC) in this connection in the last... »