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Energy News

Sep 17, 2024

Gas crisis hits consumers hard in Bangladesh

A two-week-long gas crisis has been affecting homes, factories, and vehicles that run on compressed natural gas, thanks to a dip in supply following the shutdown of an LNG regasification terminal in Cox’s Bazar on May 29.

Gas crisis hits consumers hard in Bangladesh

Source: Daily News

Sep 17, 2024

Nepal envoy hopes to start energy trading with Bangladesh soon

Nepal Ambassador to Bangladesh Ghanshyam Bhandari on Tuesday expressed the hope that his country would be able to start energy trading with Bangladesh soon.

Nepal envoy hopes to start energy trading with Bangladesh soon

Source: New Age

Sep 7, 2024

LNG import cost set to skyrocket in two years

Bangladesh's struggle to foot liquefied natural gas (LNG) import bills is set to skyrocket in two years, as the country allegedly signed purchase deals at higher costs than the contemporary market rates

LNG import cost set to skyrocket in two years

Source: The Financial Express

Sep 4, 2024

LNG imports to be through public procurement rules

In a first for Bangladesh, the country's interim government is going to import liquified natural gas (LNG) purchased from the spot market in accordance with the Public Procurement Rules 2008.

LNG imports to be through public procurement rules

Source: The Daily Star

Sep 4, 2024

Gas theft worth $1b per year citing ‘system loss’: Experts

Irregularities and corruption in the country’s power and energy sector resulted in an average of $1 billion in annual gas theft over the years 2020, 2021 and 2022, with these losses showing up as “system loss.”

Gas theft worth $1b per year citing ‘system loss’: Experts

Source: The Business Post

Sep 4, 2024

Govt to procure LNG from spot market

The Advisers Council Committee on Economic Affairs on Wednesday approved a proposal in principle for procuring LNG from the spot market to meet the emergency demand for gas in the country.

Govt to procure LNG from spot market

Source: The Financial Express

Sep 4, 2024

UPGDL getting gas at lower rate, but selling electricity at commercial rate

BPDB being deprived of a profit of Tk 800 crore annually

UPGDL getting gas at lower rate, but selling electricity at commercial rate

Source: The Business Post

Sep 4, 2024

Petrobangla grapples with Tk24,293cr dues

Local power plants, fertiliser factories, and other entities owe Petrobangla around Tk28,707 crore

Petrobangla grapples with Tk24,293cr dues

Source: The Business Post

Sep 3, 2024

Asian govts urged to accelerate energy transition

The two-day energy finance conference of the US-based Institute for Energy Economics and Financial Analysis began in Kuala Lumpur on Tuesday with a call on the governments of Asian countries to accelerate energy transition to get rid of costly and unreliable fossil fuels.

Asian govts urged to accelerate energy transition

Source: The New Age

Sep 3, 2024

Foreign loans: Committee on ‘white paper’ to look into deals

The committee tasked with formulating a white paper on Bangladesh's economy will review the energy sector's foreign loan agreements and other contracts, said its chair Debapriya Bhattacharya.

Foreign loans: Committee on ‘white paper’ to look into deals

Source: the Daily Star

Sep 3, 2024

Report: Growing dependence on FSRUs in Bangladesh risks climate, economic stability

Bangladesh faces a significant risk of LNG regasification overcapacity

Report: Growing dependence on FSRUs in Bangladesh risks climate, economic stability

Source: The Dhaka Tribune

Sep 3, 2024

Fouzul seeks UNDP’s cooperation for energy sector development

Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan today sought support of United Nations Development Programme (UNDP) for the development in the country’s energy sector.

Fouzul seeks UNDP’s cooperation for energy sector development

Source: The Bangladesh Sangbad Sangstha

Sep 2, 2024

A dozen pvt, one state petroleum refineries ruined

Companies go bankrupt, around 5,000 employees rendered jobless

A dozen pvt, one state petroleum refineries ruined

Source: The Financial Express

Sep 2, 2024

Energy adviser seeks IFC support for gas crisis solution, renewables

The adviser vowed to fight against all forms of corruption and discrimination to uphold public trust

Energy adviser seeks IFC support for gas crisis solution, renewables

Source: The Business Standard

Sep 1, 2024

Big-deal Tk 15.52b loan for Orion solar project blocked

Everything was set to approve a loan worth Tk 15.52 billion for Orion solar-power project bypassing certain conditions, including the single-borrower exposure limit. But following the change of government through student-people uprising the Financial Institution Division of the Ministry of Finance refused to give the approval at the last moment, thereby saved the country's banking from witnessing yet another loan scam.

Big-deal Tk 15.52b loan for Orion solar project blocked

Source: The Financial Express

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