State Minister for Power, Energy and Mineral Resource Nasrul Hamid has said that each of the companies of the Petrobangla will be given target to drill wells in the gas fields for hydrocarbon exploration and if they fail, the officials concerned will be removed from their posts. “Nobody will be speared
Tag: petrobangla
Petrobangla awaits final nods to invite int’l bidding
State hydrocarbons agency Petrobangla's is close to receiving the nod from the very top, to invite a round of international bidding for the country's offshore gas blocks based on its new model production sharing contract int’l bidding within the current year. A proposal in this regard was recently sent to the
Petrobangla for ending foreign monopoly in pre-paid gas metering
Petrobangla has initiated a move to bring an end to the existing monopoly of a particular foreign company in its pre-paid gas metering system. "We've already received the government's policy approval to allow battery-run pre-paid gas meter," Petrobangla Chairman Zanendra Nath Sarker told UNB recently. According to official sources, a Japanese company
Petrobangla for setting up 3 more LNG terminals
State-owned Petrobangla has moved to set up three more liquefied natural gas (LNG) terminals in addition to the existing two currently being operated to regasify imported gas. The proposed three new LNG terminals will be set up in Payra, Moheshkhali and Matarbari whose total regasification capacity would be 2000-3000 MMcf/d, said
Petrobangla team finds gas supply in cylinders risky
A technical committee of Petrobangla recommended formulating separate safety and security guidelines to allow any private company to supply gas from Bhola to local industries as CNG (compressed natural gas)."We've submitted our report to the top management of Petrobangla recently", a member of the committee, preferring anonymity, told UNB. He
New gas exploration begins amid severe shortage
Amid criticism that the government has not done enough to explore new gas sources in recent years Petrobangla has started exploration work at Beanibazar and its neighbouring Baralekha and Kanaighat upazilas under Sylhet Gas Field Ltd, officials say. Mizanur Rahman, Managing Director of Sylhet Gas Field, said on Thursday that
No additional LNG supply from Qatar before 2025: Petrobangla
Petrobangla asked to return Tk 12,227cr to ESF, GDF
Bangladesh Energy Regulatory Commission has directed state-owned Petrobangla to return Tk 12,227.44 crore to its two original funds-the energy security fund (ESF) and the Gas Development Fund (GDF). The energy regulator's latest directive which came as the BERC Order No-2022/7, in detail, was released on June 27 and uploaded on its
Petrobangla to scrap compensation clause in future gas pacts
After failing to enhance local gas production, state-owned Petrobangla has now initiated a move to modify the current structure of the gas supply agreement (GSA) with future power plants in Bangladesh. UNB has learnt that a draft of the revised GSA was recently sent to the Bangladesh Power Development Board (BPDB)