Asifur Rahman

Bangladesh is now paying nearly $30 per million British thermal units (MMBtu) for liquefied natural gas from the spot market, almost three times what it typically paid before the war in the Middle East, as the government scrambles to secure supplies amid a prolonged gas crisis.

Bangladesh is now paying nearly $30 per million British thermal units (MMBtu) for liquefied natural gas from the spot market, almost three times what it typically paid before the war in the Middle East, as the government scrambles to secure supplies amid a prolonged gas crisis

A crude oil tanker of Bangladesh Shipping Corporation (BSC), MT Ninemia, arrived at Chattogram port from Saudi Arabia on Saturday.

Bangladesh’s power system has little effective backup as shortages and technical problems simultaneously constrain gas, coal and liquid fuel generation, leaving the grid increasingly vulnerable when a major power plant goes offline.

US company NS Energy Navigation’s chief executive is the grandson of a ruling party lawmaker, which raises questions about the fairness of the selection process.

The state-run corporation will now allow companies to seek enlistment with just one successfully completed LNG supply contract and $50 million in financial capacity

The company presented the concept to Petrobangla yesterday

Bangladesh is set to pay 35-37 percent more than what it currently pays for regasification services to a Chinese state-owned firm for the proposed third LNG terminal, although the government’s negotiation committee could not determine how much of the premium is justified.