Energy Bangla

Bangladesh Energy Regulatory Commission (BERC) will begin a four-day public hearing from February 2 on the gas price hike proposals submitted by six state-owned gas distribution companies. It will also hold a hearing on gas transmission tariff. The hearing will take place at the TCB Bhaban in the capital’s Karwan Bazar. Gas Transmission Company Limited (GTCL) has proposed that the BERC raises gas transmission tariff. “The hearing will end on... »

A ConocoPhillips-led joint venture is seeking to revise production sharing contracts for three new deepwater blocks offshore Bangladesh to allow a 2%/year gas price rise to kick in before first production begins, a company official said Thursday. “We have proposed the escalation of the gas price begin earlier than at first production, which is similar to what is in place in neighboring countries like Myanmar and Thailand,” ConocoPhillips managing director... »

Petronet LNG Ltd India’s biggest importer of liquefied natural gas (LNG), is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh. Bangladesh is looking at setting up a 3.5 million tons a year LNG import facility at Matar Bari in Moheshkhali Island of Cox’s Bazar district or Anwara, Chittagong. The terminal, which is to be set up on the build-own-operate basis,... »

Ten persons were burnt alive and 12 others injured when a gas tanker caught fire and exploded on the highway near Beelpur village, 35 kms from Jaipur on Saturday night.Seven vehicles going through the highway at the time also caught fire. The accident caused a huge traffic jam on the national highway which was cleared in the morning.Out of the ten killed, three have been identified as Dakshul (6), Radhamohan... »

The country has been facing a severe gas crisis since the last 48 hours as production at Bibiyana Gas Field, the second largest gas field of Bangladesh, has been disrupted from Thursday afternoon. Although Chevron, operator of the Bibiyana Gas Field, claimed that the gas field was closed for only two hours, a close look at Petrobangla’s data suggests otherwise. “Chevron’s Bibiyana gas plant had a shutdown at 1:44 am... »

Prime Minister Sheikh Hasina today inaugurated the much-awaited Bibiyana Gas Field Expansion Project here along with Bibiyana-Dhanua Gas Pipeline expressing the hope that these projects would reduce the gap between the national demand and supply of the gas. “It is my firm belief that these projects would lessen the gap between the national demand and supply of the gas,” she told the inaugural function of the project. Terming power and... »

Radiant Shipyard of Narayanganj has constructed Bangladesh’s first indigenous ship capable of carrying Liquefied Petroleum Gas (LPG). The ‘Omera Princess’ was handed over to the Omera Petroleum Limited and Mobil Jamuna Limited on Friday afternoon. “The ship worth Tk 300 million was designed by naval architects of the Radiant Marine Design and Services,” said Managing Director Alauddin, in the handing-over ceremony at the shipyard at Rupganj’s Daudpur. The ship would... »

Cabinet Division Additional Secretary Istiaque Ahmad has been appointed as chairman of Petrobangla. Istiaq Ahmed, additional secretary of the cabinet division, was made the new chairman of Petrobangla on Wednesday. Public Administration Ministry issued a notification in this regard. The post of state-owned organisation fell vacant when previous chairman Hussain Monsur’s tenure ended on October18.  

Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has started to extract gas at Shahbazpur Gas Field 3 in Bhola on an experimental basis. The extraction of gas started at the field on Sunday morning. Bapex Planning Director Abdul Halim said: “Bapex has completed the drilling works with its own initiative and technology. The extraction work started in the morning.” He said: “Gas will be extracted from the field formally... »

Europe will remain heavily reliant on Russian gas for at least until the 2020s and potentially much longer due to the lack of an alternative, according to a report from Fitch Ratings. The substitution of Russian gas is not expected, given the weak prospects for shale gas production, the lack of available imported liquefied natural gas (LNG) and the absence of significant pipeline projects in Europe which are independent from... »