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.
The supply of 500 mmcfd Liquefied Natural Gas (LNG) into the national grid begins from Chattogram.
Bangladesh enters a new era of energy use as it starts importing liquified natural gas (LNG) beginning in July in order to solve the prevailing gas crisis.
The government is going to hike gas prices to adjust to the price of imported Liquefied Natural Gas (LNG) that is expected to arrive in the country next month.
Bangladesh has found a new natural gas reserve in its southern coastal district of Bhola at a time when the country is concentrating on import of liquefied natural gas (LNG).
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.
The supply of 500 mmcfd Liquefied Natural Gas (LNG) into the national grid begins from Chattogram.
Bangladesh enters a new era of energy use as it starts importing liquified natural gas (LNG) beginning in July in order to solve the prevailing gas crisis.
The government is going to hike gas prices to adjust to the price of imported Liquefied Natural Gas (LNG) that is expected to arrive in the country next month.
Bangladesh has found a new natural gas reserve in its southern coastal district of Bhola at a time when the country is concentrating on import of liquefied natural gas (LNG).