Tag: Petrobangla
-
Bangladesh announces Offshore Bidding-2024 to accelerate oil and gas exploration
To make the 'Offshore Model PSC, 2019' updated and competitive in the global context, 'Bangladesh Offshore Model PSC, 2023' was prepared based on the opinion of international consultants and Petrobangla's own review, which was approved by the Cabinet Committee on Economic I went. Matters on July 26, 2023. The new PSC includes several points aimed…
-
Gas import deals amid dollar crisis: impact on energy security and economic stability
Gas Transmission and Distribution Company Limited (GTCL) has two parallel pipelines to bring LNG from Maheshkhali. It comes up to Anwara in Chattogram. Of these, a maximum of 500 million cft can be moved through a 30-inch pipeline and 1.2 billion cft can be moved through a 42-inch pipeline. However, after Anwara station, the pipeline…
-
System Losses: Challenges with Gas Distribution Companies and Transmission Lines
In contrast, Titus, the country’s largest gas distribution company, has been actively campaigning to curb theft, irregularities and illegal gas usage. Gas wastage for Titus increased to 725.5 million cubic meters in the last financial year, despite around 250,000 illegal connections (compared to 275,000 last year) and over 600 illegal connections including industrial, CNG and…
-
Gas crisis is about to come, what is being done about it?
Under such circumstances, it is necessary that the policy-making authorities of the country take emergency measures to overcome the impending energy crisis and bring it down to tolerable levels. 1. The two major gas fields of our country, Kailashtila and Rashidpur each have primary reserves of more than 2 TCF and remaining reserves are also…
-
Country to see reduction of 1000 mmcfd in daily gas supply: Petrobangla chairman
He said the government had approved import of gas from Qatar and Oman under long-term contracts as well as import of 12 LNG cargoes from the international spot market to improve the supply situation. Under this plan, Petrobangla will import one or two cargoes every week till June this year, the chairman said. “We are…
-
Bangladesh has agreed to buy LNG from Japan’s JERA
Bangladesh government has decided to buy a cargo of liquefied natural gas from JERA Company of Japan at ‘spot market’ rate in an effort to rapidly increase fuel supply and power generation. The total cost of the shipment will be Tk 6.9 billion. State-run Parivarthana Natural Gas, a company under Petrobangla, will buy 3.36 trillion…
-
Government begins import of LNG from international spot market
According to the recent announcement, the retail price of gas was increased by 14.5 percent to 178.9 percent for industries, power plants and commercial establishments, which account for 78 percent of gas usage in Bangladesh, while the gas price for private power plants and Industries, gas was increased to 30 taka per cubic meter. This…
-
Janendra Nath Sarkar was made the chairman of Petrobangla
Janendra Nath Sarkar was made the chairman of Petrobangla
-
Kabir bin Anwar became the new cabinet secretary
Kabir bin Anwar will replace incumbent Cabinet Secretary Khandekar Anwarul Islam, who will go on post-retirement leave (PRL) on December 15. Meanwhile, Petrobangla Chairman (Additional Secretary) Najmul Ahsan has been made Secretary, Ministry of Water Resources.
-
“Household gas supply should be snapped”, Muhith opines .
Bangladesh government observed ‘energy security day’ yesterday, on this occasion a seminar was organized by Petrobangla. There the finance minister Abul Mal Abdul Muhith said, the country’s gas is limited and we should now concentrate on the proper use of the valuable natural resource. We need to decide which sector should get priority. The minister…