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 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 […]
Apart from sharing the study results and recommendations, this final workshop was also an opportunity for capacity building on Techno-Economic-Financial Modeling of Energy Storage Systems – through three parallel capacity building sessions, sharing of knowledge on business models and applicable commercial structures Dissemination, obtaining wide stakeholder awareness and buy-in for the Energy Storage Roadmap. The […]
The International Monetary Fund has welcomed Bangladesh’s efforts to cut subsidies for the energy sector by increasing the prices of fuel oil, gas and electricity, indicating more price hikes. In a country report on government requests for loans, the IMF said authorities would explore options to gradually reduce energy subsidies. Control measures could exacerbate ongoing […]
Notification has been issued for increase in electricity rates to be effective from February 1 at wholesale and retail level. The Electricity Department published a gazette notification on Monday, which has been issued today on Tuesday. Electricity prices have skyrocketed due to executive orders bypassing the Bangladesh Energy Regulatory Commission (BERC), the power and energy […]
“Yes, we have some concerns about the Inflation Reduction Act,” Hunt said in response to a reporter’s question, and the reason is that we believe in free trade. “But are we worried about the long-term future of our clean energy industries? Not at all.” The European Union has said it will set out its plans […]
In her overview of global economic trends in 2023, Dr. Fahmida Khatoon, Executive Director, Center for Policy Dialogue (CPD), said that the global economy is passing through several challenges. “International monetary organizations predict that 2023 will be a bad year,” she said, quoting the IMF that growth will decline globally. He continued, given the grim […]
Precious Ocean Floor Nodes Negotiations continue despite the obstacles. BP said it was committed to a mutually acceptable outcome through ongoing commercial discussions, while Oersted said it was confident an agreement could be reached to allow both projects to proceed. Regulators and industry experts say there is hope on the horizon for land-sharing wind and […]
The government has increased natural gas prices for industrial units and power producers for the second time in only six months. The government on Wednesday said the price of gas has been fixed at a flat rate of Tk 30 per cubic meter for industrial units of all sizes. Earlier, large industrial units had to […]
firms are waiting Oil analysts and experts say they do not expect the new PSA model to meet its January 31 deadline, amid incomplete contract language, legislative changes needed to reflect the new framework and auctions to be held pending work. Guyana’s Finance Minister, Ashani Singh, said on Monday that the licensing round would remain […]
The organization is committed to the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind power, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. promotes. IRENA’s membership includes 167 countries and the European Union. Bangladesh is a […]
Minister of State for Power, Energy and Mineral Resources Nasrul Hamid has sought “visible Indian cooperation” to import hydropower from Nepal and Bhutan, UNB reports. He attended a bilateral meeting on power cooperation between Bangladesh and India in New Delhi on Wednesday. In the meeting, Nasrul led the Bangladesh delegation and Power, New and Renewable […]
The state minister also told reporters that Bangladesh is looking to import fuel from India in large quantities, adding, “We are already importing oil from India on a small scale. India is in the process of setting up an LNG pipeline to Khulna, which will be set up by H Energy. “We are going to […]
Meanwhile, the EU’s foreign policy chief, Josep Borrell, acknowledges that “economic interdependence is becoming very prone to political conflict”: the pandemic disrupted supply chains; China deliberately creates dependence, Russia can turn off the gas tap at will. One of the areas listed in the Berlin Coalition Agreement at the end of 2021 as particularly deserving […]
Nasrul said the Adani group has built a dedicated transmission line to supply power from India to Bangladesh, adding, “It will be possible to import power from mid-March and by June we will get 1,450 MW.” “We need more power to meet the demand next summer as 1000 MW diesel based power plants will be […]