How does the government plan to tackle the looming gas shortfall in the upcoming summer?
In the 15-plus years of the last government, the energy and power sectors of Bangladesh have been all but destroyed.
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
The international tender for shallow and deep sea oil and gas exploration sparks some questions regarding its potential success in attracting offshore oil and gas exploration
Petrobangla yesterday floated the offshore bidding tender inviting international oil and gas companies (IOCs) to explore Bangladesh’s maritime area in the Bay of Bengal.
Government must reduce financial burden for citizens
Even with record high production, profit of MGMCL dropped as half of the rock remained unsold
Bangladesh's Summit Group set to supply 1.5 million tons of LNG per year to Petrobangla for 15 years, starting from Oct 2026
Petrobangla has prepared a draft of the Production Sharing Contract (PSC) for offshore gas exploration that improves the state-owned company’s bargaining position when it sits down for negotiation with global oil companies.
The amendment to BERC Act alters its position as the sole authority for fixing energy prices.
Will Petrobangla remain unaccountable?
The government has been deprived of about Tk 4,697 crore for 19 counts of irregularities by Petrobangla and Bangladesh Petroleum Corporation, found an audit.
The national energy crisis is a direct result of the corruption and nepotism encouraged by the indemnity law.
It must be made accountable for its irregularities
A recommendation has been made to a parliamentary standing committee that a martial-law era provision be brought back for shielding Petrobangla officials from legal proceedings for “acting in good faith”.
Petrobangla used around Tk 2,000 crore from the Gas Development Fund, which was formed for gas exploration, to import liquefied natural gas. According to Bangladesh Energy Regulatory Commission, Petrobangla did not take necessary permission for this.
Self-sufficiency can rid us of the threat of energy crises
Petrobangla spent Tk 2,000 crore from the Gas Development Fund (GDF), meant for gas exploration, to import LNG without the permission of Bangladesh Energy Regulatory Commission.
We have known for a while that dependence on the expensive liquefied natural gas (LNG) would put Bangladesh under major financial stress.
