US LNG developers see Trump win lifting pall over expansions Reuters U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans. Their confidence is buoyed by Trump’s promise to end an expanded Department of Energy review that has slowed new export permits. President Joe Biden had paused new non-FTA export permits and asked... »
Oil prices settled lower on Wednesday as investors weighed a strong U.S. dollar against the potential that U.S. President-elect Donald Trump’s foreign-policy plans could squeeze global oil supply. Brent crude oil futures settled down 61 cents, or 0.81%, at $74.92 per barrel. U.S. West Texas Intermediate (WTI) crude settled down 30 cents or 0.42%, to $71.69. Trump’s election triggered a large sell-off that pushed oil prices down by more than... »
Price of liquefied petroleum gas (LPG) remains almost the same for the month of November. According to Bangladesh Energy Regulatory Commission (BERC), the price of per kg LPG has decreased by Tk 0.07 to Tk 121.25 per kg for the month of November from the previous price of Tk 121.32. The new prices will be effective from 6 pm today (November 5, 2024). BERC announced the new price, saying that... »
Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan today said the government has taken an initiative to strengthen exploration work for natural gas aimed at mitigating the prevailing energy crisis. Report BSS “The energy crisis is being created due to declining gas reserves in the country. As a result, the government is forced to import expensive LNG,” he told journalists at his ministry conference room. Fouzul Kabir said... »
Price of liquefied petroleum gas (LPG) has been further increased to 121.32 per kg from the previous price of Tk 118.44 for the month of October. The new prices will be effective from 6 pm today (October 2, 2024). Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12 kg LPG cylinder’s price has been increased by roughly Tk 35. A retail consumer now has to spend... »
Price of liquefied petroleum gas (LPG) has been further increased to Tk 118.44 per kg from the previous price of Tk 114.79 for the month of September. Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12 kg LPG cylinder’s price has been increased by Tk 44. A retail consumer will now have to spend Tk 1421 for a 12 Kg cylinder instead of Tk 1377 (including... »
There are many bad names in the energy sector, and businessmen should move forward to overcome such scandals, said Muhammad Fouzul Kabir Khan, adviser for Power, Energy, and Mineral Resources. The private sector will be encouraged to participate in the energy sector, but only through competitive processes, the adviser also said during a meeting with representatives of the Bangladesh Solar & Renewable Energy Association (BSREA) at the Ministry on Thursday... »
Bangladesh is struggling to arrange sufficient gas supply for half a dozen new gas-fired power plants with total generation capacity of around 3,510 MW due to heavy government subsidies and slow-moving reforms, according to project operators and market participants. Three new plants in the private sector are already in early stages of launch, while another three in the public sector will be ready by the end of 2024, Khandekar Mokammel... »
The government has cancelled four spot cargo deliveries of liquified natural gas or LNG with one of Bangladesh’s two import terminals damaged during recent cyclone Remal. The damage has left the terminal unable to receive shipments, Reuters reported citing two industry sources on Tuesday. Later, Energy Secretary Nurul Alam confirmed to bdnews24.com that the government had no option but to cancel the purchase orders. He said two of the four... »