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US’s Argent LNG sets deal with Bangladesh govt to supply 5m tons of LNG annually
Argent LNG, developing a 25 million metric tons per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to supply up to 5 million metric tons of liquefied natural gas (LNG) annually, the company announced on Friday, reports Reuters. This...
Paying toll for previous wrong policies
The hike in the gas price will affect across financial sectors. The government has to make decisions considering our production and operating costs. We now have to pay the price for previous wrong policies. We didnt invest in much needed gas extraction, and exploration sector. Therefore, a big...
New factories face double costs in industrial sector
The government has decided to double the price of new connections in industries and captives, and the ministry already given in-principal approval. Energy and mineral resources division expressed their desire of charging price in line with imported LNG. If the owners want to increase load in...
Nationwide gas supply reduction to cause low pressure for 4 Days
The Bangladesh Oil, Gas, and Mineral Resources Corporation (Petrobangla) has announced a temporary reduction in gas supply and low pressure across the country due to scheduled maintenance. The supply of RLNG from the LNG FSRU operated by Accelerate Energy at Maheshkhali will be suspended for 72...
Qatar vows to halt EU gas sales over due diligence law
Qatar will cease gas exports to the European Union if the bloc enforces its new corporate due diligence law, Reuters said, the energy minister of the country Saad al-Kaabi warned in an interview with the Financial Times published on Sunday. The Corporate Sustainability Due Diligence Directive,...
Government plans to drill 100 gas wells to alleviate crisis
The government of Bangladesh has unveiled an ambitious plan to tackle the ongoing gas shortage and reduce its reliance on costly LNG imports by drilling 100 new and existing gas wells between 2025 and 2028. The move aims to enhance domestic gas production and ensure a steady supply to industries,...