Bangladesh's Petrobangla has cancelled some spot liquefied natural gas imports after one of the country's two import terminals was damaged during a cyclone, leaving it unable to receive shipments, two industry sources said on Tuesday
It’s another wake-up call for the energy sector
Petrobangla is set to purchase three more cargoes of liquefied natural gas this month as the government looks to ramp up gas imports taking advantage of the favourable prices in the global spot market.
Idle gas compressor stations costing us precious foreign currency
Surplus LNG regasification capacity predicted to emerge as a headache
Traditionally, natural gas has been the primary source of energy in Bangladesh. For the last few years, domestic gas production has been declining and we have started importing liquefied natural gas (LNG) to meet the excess demand.
Bangladesh is going to buy liquefied natural gas (LNG) from the international market at $4 lower price than the previous but at the same time it will procure fertiliser by paying additional $21 a tonne.
The government yesterday gave the green light to liquefied natural gas (LNG) purchase from the global spot market as it looks to ensure an uninterrupted supply for the fast-growing economy.
The government has short listed 17 companies for buying liquefied natural gas (LNG). Cabinet committee on economic affairs approved a master sale and purchase agreement in connection to the purchase.
Bangladesh's Petrobangla has cancelled some spot liquefied natural gas imports after one of the country's two import terminals was damaged during a cyclone, leaving it unable to receive shipments, two industry sources said on Tuesday
It’s another wake-up call for the energy sector
Petrobangla is set to purchase three more cargoes of liquefied natural gas this month as the government looks to ramp up gas imports taking advantage of the favourable prices in the global spot market.
Idle gas compressor stations costing us precious foreign currency
Surplus LNG regasification capacity predicted to emerge as a headache
Traditionally, natural gas has been the primary source of energy in Bangladesh. For the last few years, domestic gas production has been declining and we have started importing liquefied natural gas (LNG) to meet the excess demand.
Bangladesh is going to buy liquefied natural gas (LNG) from the international market at $4 lower price than the previous but at the same time it will procure fertiliser by paying additional $21 a tonne.
The government yesterday gave the green light to liquefied natural gas (LNG) purchase from the global spot market as it looks to ensure an uninterrupted supply for the fast-growing economy.
The government has short listed 17 companies for buying liquefied natural gas (LNG). Cabinet committee on economic affairs approved a master sale and purchase agreement in connection to the purchase.
State Minister for Power and Energy Nasrul Hamid yesterday insisted on increasing gas price, to reduce the burden of subsidy in the sector, which now stands at Tk 5,000-6,000 crore a year.
