Energy & Power - EP_22_22 (Energy & Power Vol 22 Issue 22 May 1, 2025)

Bu konuda

Bangladesh is facing a deepening gas crisis, prompting the authorities concerned to take urgent action to stabilize the supply. The government is implementing a range of strategies, including boosting exploration, integrating untapped gas from Bhola, and revising production sharing contracts (PSCs) to attract foreign investment. Efforts to expand LNG import infrastructure are also underway, with new Floating Storage Regasification Units (FSRUs) and a proposed land-based LNG terminal. The goal is to increase gas supply capacity to 4,800 MMCFD by 2030, up from the current 1,900 MMCFD. However, the path to this goal is fraught with challenges. Domestic gas production continues to decline, heavily reliant on the Bibiyana field, which is expected to see a steep decline in output in the coming years. The government has set plans to drill 150 new wells by 2028, but progress has been slow due to bureaucratic and procurement delays. A major part of the solution lies in Bhola’s gas reserves, which come with challenges. While plans to develop the region’s resources include drilling 20 wells and constructing a new pipeline, doubts about reserve estimates and grid connectivity remain. Offshore exploration also suffers from limited data and political uncertainty. LNG import expansion has faced setbacks with canceled projects and regulatory hurdles.
With demand growing, experts warn that Bangladesh could face a significant gas shortage by 2030 unless policy reforms are fast-tracked. They urge reforms in contractor engagement, data transparency, and PSC frameworks to accelerate gas sector recovery and ensure energy security.

Aramco Lengthens Lamprell Offshore Arrangement

Lamprell has extended its offshore long-term agreement (LTA) with Saudi Aramco, which was first awarded in 2018.

1 min

Brava Energia Starts Production from Two More Wells

Orava Energia has started production from two more wells connected to the FPSO at the Atlanta oil field in the Santos Basin offshore Brazil.

1 min

bp Advances GTA LNG Phase 1 Commissioning

bp plc has loaded the first cargo of LNG for export from the first phase of its Greater Tortue Ahmeyim (GTA) LNG project offshore Mauritania and Senegal.

1 min

US Slams Anti-Fossil Fuel Policies

An international summit on the future of energy security opened in London recently with stark opposition from Washington, which called policies to phase out fossil fuels \"harmful and dangerous\".

1 min

Summit Corporation Ltd Appoints New CFO

Imtiaz (Imtiaz) Ibne Sattar has recently been appointed as the Chief Financial Officer (CFO) of Summit Corporation Ltd, which is the wholly owned subsidiary of Singapore incorporated Summit Power International Limited (SPI), the largest independent power producer (IPP) and a leading LNG infrastructure operator in Bangladesh.

1 min

Govt to Set Up Land-Based LNG Terminal Soon: Alam

The interim government has decided to set up a land-based LNG terminal to ensure smooth gas supply to the country's factories.

1 min

CUFL Suspends Production for Gas Crisis

Chattogram Cha Urea Fertilizer Company Limited suspended production (CUFL) its recently due to a gas crisis.

1 min

JERA Meghnaghat Power Limited appoints new Chief Executive Officer

30 April 2025 – JERA Meghnaghat Power Limited (JMPL) is pleased to announce the appointment of Mr. Yasunori Katsumata as the new Chief Executive Officer (CEO) from 1 May 2025.

1 min

Three of a Family Burnt Due to Gas Explosion

Three members of a family were burnt in an explosion caused by a gas line leak at a house in Gazipur recently.

1 min

$37m Dues in LNG Import to be Paid to Qatar Soon: Alam

Chief Adviser's Press Secretary Shafiqul Alam recently said the deposed Sheikh Hasina government did not pay dues of hundreds of millions of US Dollars in LNG import from Qatar.

1 min

Gas Deficit May Widen Further Until 2029

Bangladesh faces a worsening gas crisis, sparking strategic initiatives by the Energy Division and Petrobangla to stabilize supply, including exploration, Bhola gas integration, foreign investment, and LNG import expansion.

10+ mins

Gas Sector Development Initiative Yet To Get Pace

Eight months have whistled by since the interim government assumed office. No great news is available regarding exploring additional gas resources or infrastructure development to facilitate additional LNG imports.

5 mins

Reducing Gas Sector System Loss To 2% Impossible With Old Network

The system loss in the country's natural gas supply chain, which is much higher than standards or of neighboring countries, has been in discussion over the past decade or so.

7 mins

Rejuvenated BERC Can Be A Game Changer

I witnessed a lively interview of the BERC Chairman with EP Editor Mollah Amzad Hossain about the energy sector.

5 mins

IDTechEx Explores Is Fusion Energy Still "30 Years Away"?

Is Fusion Energy Still \"30 Years Away\"?

3 mins

Brazil's Environment And Climate Minister Meets Over 200 Global Climate Activists

Brazilian Environment and Climate Change Minister, Marina Silva took part in the final day of the 'Renew Our Power' event. The meeting organized by 350.org brought together more than 200 climate leaders from over 70 countries to Brazil with the aim of driving forward the renewable energy transition, a strategic milestone towards COP30.

3 mins

Furnace Oil: BPC Burdened with Stock Overload

Based on private electricity producers' request, the Bangladesh Power Development Board (PDB) asked Bangladesh Petroleum Corporation (BPC) to nearly triple its import of furnace oil to around 500,000 tonnes a month to facilitate meeting the rising summer demand for electricity.

1 min

BAEC Employees Warn of Strike

Scientists, officers, and employees of the Bangladesh Atomic Energy Commission (BAEC) recently warned of going on strike, including work and service abstention, if the Ministry of Science and Technology did not address their problems, including stalled salary payments.

1 min

Chevron Receives Dues from Petrobangla

Chevro Bangladesh has recently received its outstanding payments from the state-owned Petrobangla.

1 min

Qatar to Extend MoU with Bangladesh over LNG Supply

Qatar has agreed to renew a recently expired Memorandum of Understanding (MoU) on LNG supply for Bangladesh and work on technical details for a proposed land-based LNG terminal in the country.

1 min

Govt Prioritises Gas Supply to Export-Oriented, EPZ Factories

The interim government has decided to resume gas connections for industries after a prolonged suspension caused by supply shortages.

1 min

Aramco, BYD Collaborate on New Energy Vehicle Tech

Α ramco, one one of the world's integrated chemicals energy leading and companies, and BYD, a leading manufacturer of new energy vehicles and power batteries, have agreed to explore closer collaboration in new energy vehicle technologies.

1 min

Power Prices Not Going Up Anytime Soon

The subsidy allocation for the power sector is not going down anytime soon as the interim government does not have a plan to increase electricity prices on inflationary fears.

1 min

Energy Adviser Expects Power Situation to Remain Tolerable in Summer

Energy affairs adviser Muhammad Fouzul Kabir Khan has expected that the countrywide electricity supply situation to remain tolerable level during throughout summer with import of extra volume of Liquefied Natural Gas (LNG) and coal for power production.

1 min

Govt to Clear QatarEnergy Dues Soon

The government is set to clear all outstanding payments worth US$ 72.40 million for Liquefied Natural Gas (LNG) purchases QatarEnergy soon.

1 min

Rooppur Payment: Govt to Seek US Sanction Waiver

Bangladesh will seek permission Bfrom the US treasury to repay Russia for the Rooppur nuclear power plant project, whose dues have piled up in the Bangladesh Bank's escrow account after sanctions were levied on Russia following its invasion of Ukraine.

1 min

LNG Import at Tk75, Selling at Tk12-17 Not Sustainable: BERC Chairman

Chairman of the Bangladesh Energy Regulatory Commission (BERC) Jalal Ahmed recently said importing liquefied natural gas (LNG) at Tk 75 per unit and selling it at Tk 12-17 is not a viable long-term solution.

1 min

BIDA Urges BERC to Revise Recently Announced Gas Price Hike

Investment Development Authority (BIDA) has urged the Bangladesh Energy Regulatory Commission (BERC) to revise the recently announced gas price hike, saying that otherwise, it would affect the economic momentum.

1 min

Spot LNG Prices Slip to 8-Month Low on Weak Demand

Asian spot liquefied natural gas (LNG) prices slid to an over eight-month low recently, weighed by weak demand, high stocks and concerns of a global recession triggered by US President implementation worldwide tariffs.

1 min

Titas Gas to Begin Smart Prepaid Meter Installations from 2026

Gas Transmission and Distribution PLC will begin installing smart prepaid gas meters in 2026, having already appointed one project management consultant (PMC) while the selection of a second is in progress.

1 min

Gas Price Hike Puts Manufacturing Sector under Pressure: BUILD

The recent 33% hike in gas prices for new industrial users and captive power plants will significantly strain Bangladesh's manufacturing sector, according to Business Initiative Leading Development (BUILD), a private sector think tank.

1 min

Up to 65% of ADB's Energy Investments in Bangladesh Lack Safeguard Classification: NGO Forum

A coalition of private watchdog groups has revealed that approximately 65% of the Asian Development Bank's (ADB) energy investments Bangladesh-totaling in $11.36 billion-lack any safeguard classification, raising serious concerns over transparency and accountability.

1 min

Fresh Bid for New Coal Supplier for Matarbari Power Plant in the Offing

Power Division is preparing to launch a fresh bid for a new coal supplier for the Matarbari 1,200MW Ultra Super Critical Coal-Fired Power Plant following the detection of substandard coal supplied by a consortium of Bangladesh's Meghna Group's Unique Cement Industries Limited and Aditya Birla Global Trading (Singapore) Pte Ltd of India.

1 min

South Korea's LG Energy Solution Exits from $8.4b Indonesia Project

South Korea's LG Energy Solution said recently it had withdrawn from a multibillion-dollar project to build electric batteries in Indonesia, citing a range of issues, including the \"investment environment\".

1 min

Global Transformers Market to Reach $89.34b in 2030: GlobalData

The Transformers global is on a strong growth trajectory, projected to reach $89.34 billion in 2030, driven by rising electricity demand, renewable integration, and modernization.

1 min

India's NG Consumption to Rise 60% by 2030: PNGRB

India's natural gas consumption is likely to rise by close to 60 per cent by 2030 on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB.

1 min

Stable Energy Tariff Key to Investor Confidence: EuroCham

Chairperson of the European Union Chamber of Commerce in Bangladesh (EuroCham) Nuria Lopez has said maintaining a \"predictable and balanced\" energy tariff regime is essential for ensuring investor confidence and supporting industrial expansion.

1 min

bp Announces New Oil Discovery Off US Gulf Coast

British energy giant BP, which recently shelved carbon-reduction targets to focus on more profitable fossil fuel output, said recently it had made a new oil discovery off the US Gulf coast.

1 min

Dream71 to Build RE Web Platform for Lesotho

Dream71 Bangladesh Limited has been entrusted with building a digital platform to promote renewable energy in the African nation of Lesotho.

1 min

Vietnam Publishes FiTs for Large-Scale Solar, Storage

Vietnam's Ministry of Industry and Trade (MoIT) has published the new feed-in tariffs for utility-scale solar plants.

1 min

Renewables Sector Needs Long-Term Financing Roadmap

Bangladesh urgently needs a long term financing roadmap to promote renewable-energy projects and reach the country's target of net-zero carbon emission by 2050, experts suggested recently.

1 min

Bangladesh Hosts First- Ever RE Festival at BUET

Bangladesh took a historic leap towards a sustainable future as the country’s inaugural renewable energy festival, the Renewable Energy Fest 2025, held recently at the Bangladesh University of Engineering and Technology (Buet).

1 min

Google's Global Goal to Run on 24/7 Carbon-Free Energy by 2030

Google has signed its first offshore I wind power purchase agreement (PPA) in Asia Pacific, committing to buy clean energy from the 495 MW Fengmiao I offshore wind project in Taiwan.

1 min

Australian State Backs 20 GWh Pumped Hydro Project

The Queensland government has announced it will invest AUD 50 million via state-owned energy generator and retailer CleanCo into the project the proposed Mt Rawdon pumped hydro to help progress development toward a final investment decision.

1 min

Draft RE Policy 2025 Falls Short of Means to Attain Targets

Bangladesh's draft renewable energy policy 2025 has come under heavy scrutiny from energy and climate experts who say it lacks a clear roadmap and coherent direction to meet renewable energy targets.

1 min

Adaptation Fund Board Approves $10m Project to Enhance Climate Resilience in CHT

The Adaptation Fund Board has approved the Green, Resilient, and Adaptive CHT Economy (GRACE) project, a significant step forward in climate adaptation in Bangladesh.

1 min

Youths Demand Revision of Energy Plan, Fair Climate Finance

Young climate activists called for urgent revisions to Bangladesh's Integrated Energy and Power Master Plan (IEPMP), warning that the country's continued dependence on fossil fuels undermines both national and global climate goals.

1 min

Green Energy Olympiad Launched Spotlighting Youth, Climate Leadership

The final round of the country's first largescale two-day event, 'Green Energy Olympiad 2025, was held at the Bangladesh Military Museum in the city on 19-20 April 2025.

1 min

CA for Enhanced Regional Cooperation to Address Climate Challenges

Chief Adviser Professor Muhammad Yunus has called for enhanced regional cooperation to tackle the growing climate and urban challenges in the Asia Pacific.

1 min

Europe's Hydrogen Initiatives and RE Auctions to Accelerate Transition: GlobalData

Three years into the Russia-Ukraine conflict, Europe has significantly diminished its reliance on Russia.

1 min

IMO Approves First Global Carbon Pricing System

Member states of the International Maritime Organization (IMO) voted in favor of a global pricing system to help curb maritime emissions, the UN shipping body announced recently.

1 min

UN Conference Calls for Halving Health Impacts of Air Pollution by 2040

The health community's call action urges governments to enforce robust measures to stop polluting the air, cut emissions at their source, and achieve the full implementation of the WHO global air quality guidelines.

1 min

Govt to Distribute Jute Bags at Subsidized Rates: Rizwana

Environment Adviser Syeda Rizwana Hasan recently said jute bags would be provided to the public as an alternative to polythene shopping bags under a government initiative that includes subsidized distribution.

1 min

Activists from Asia join Indigenous Peoples to Demand Climate Justice

Dozens of people from around the world, including climate activists and community leaders from Asia, brought solar panels and a giant banner created by renowned Brazilian artist Mundano to the doors of the Ministry of Foreign Affairs in Brasília recently.

1 min

Countries Could Use Forests to 'Mask' Needed Emission Cuts: Report

Major economies are overstating how much carbon their forests can absorb in a climate accounting fudge that could allow them to use even more fossil fuels, new research said recently.

1 min

Rizwana Urges Inclusive Trade Deals to Drive Green Growth

Syeda Rizwana Hasan, adviser to the ministries of environment and water resources, recently expressed interest in exploring comprehensive economic partnership agreements with developed countries, underscoring the need for inclusive negotiations with major trade partners.

1 min

LOAD-SHEDDING IS A HEADACHE, BUT GOVT IS ON THE RIGHT TRACK

In tropical Bangladesh, the summer means plenty of juicy fruits from delicious mangoes to nutritious jack fruits, better known as the poor man's favorite.

2 mins

Maintaining Domestic Gas Output At Present Level May Not Be Possible Sans Major Discoveries

Significant discoveries are needed to sustain domestic gas production at the existing level of 2000 MMCFD. Adopting realistic and well-structured plans is the key to achieving this.

8 mins

Energy & Power dergisindeki tüm hikayeleri okuyun

Energy & Power Magazine Description:

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to 
a) Develop public consciousness on sustainable and even development of energy sector; 
b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector; 
c) Continuous supply of information among public; and 
d) Develop a group of reporters in this field 

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world. 
It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption. 
In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh. 
The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

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EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice. 

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