Tag Archives: gas

MNA Business Desk: Global liquefied natural gas suppliers are lobbying with Bangladesh to ink deals to secure a persistently ‘higher’ price of the fuel for a long time. The LNG suppliers, who have already signed initial deals and memorandums of understanding with state-run Petrobangla, are at the forefront. Indonesia’s Petramina, Malaysia’s Petronas, Brunei’s Brunei LNG, and Switzerland’s AOT Energy AG are among the global LNG suppliers that have already inked MoUs or letters of intent with Petrobangla and awaiting final sales and purchase agreements. Some of the firms have already written letters to the ministry of power, energy and mineral ...

MNA National Desk: People will have to accept gas price hike for the sake of the country’s economic progress as the government has to import liquefied natural gas (LNG) at a higher cost, said Prime Minister Sheikh Hasina on Monday. “If you truly want economic development, it’ll [gas price hike] have to be accepted,” she said. The Prime Minister said it in reply to a question while briefing journalists at her official residence of Ganobhaban in the afternoon about the outcomes of her just-concluded visit to China, reports UNB. Bangladesh could have achieved 8.1 per cent GDP growth, said Sheikh ...

MNA Editorial Desk: The government has moved for raising gas prices, mainly for commercial and industrial consumers and for power plants to offset the losses caused by LNG import. State Minister for Power, Energy and Mineral Resources Nasrul Hamid gave the information at a programme in Dhaka on Saturday, reports UNB. “We’ve submitted proposals to the Bangladesh Energy Regulatory Commission (BERC) for some adjustment in gas prices. But it’ll depend on BERC’s decision how much it would allow us,” he said. The remarks from the junior minister came against the backdrop of BERC’s announcement to hold 4-day public hearing on ...

MNA Business Desk: The Supreme Court on Monday extended its stay on a High Court order that stayed for six months a government decision to raise gas prices for all consumers in the 2nd phase that came into effect from June 1. A four-member Appellate Division bench of the Supreme Court, led by Chief Justice Surendra Kumar Sinha, passed the order. The apex court bench also asked the High Court bench that had stayed the second hike to dispose the latter’s rule by July 31. After the top court bench rule, Attorney General Mahbubey Alam said, with this fresh order, ...

MNA Editorial Desk: The BERC announced the 22.7 percent average hike in gas prices on Thursday. It will be effective in two phases in March and June. The decision of the Bangladesh Energy Regulatory Commission (BERC) to hike gas prices has triggered discomfort among different sections of consumers. A nearly 23% increase in tariff will be made effective in two phases from the first day of the next month, in a situation where gas supplies are also constrained by disruptions at many places. The Consumers Association of Bangladesh (CAB) President Golam Rahman has said the organization is thinking about a ...