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600MW power outage can be cured overnight

Dhaka, Sept. 14 -- Bangladesh currently reels from load shedding to the tune of around 2,000-3,000 megawatts of electricity daily as the demand far outstrips production, market-insiders say, although ... Read More


Tenders floated to purchase LNG

Dhaka, Sept. 13 -- Bangladesh has floated tenders, after a hiatus of around four months, to purchase liquefied natural gas (LNG) from a spot market after coming online of the Summit's LNG terminal, a ... Read More


Abrupt fuel cut to factories deepens crisis

Dhaka, Sept. 10 -- Industries on the capital's northern outskirts suffer as the supplier of Bhola gas to industrial consumers 'arbitrarily' snapped the supply, in time of fuel crunch, sources said. O... Read More


LNG import cost set to skyrocket in two years

Dhaka, Sept. 7 -- Bangladesh's struggle to foot liquefied natural gas (LNG) import bills is set to skyrocket in two years, as the country allegedly signed purchase deals at higher costs than the conte... Read More


Summit yet seeks $22m from Petrobangla

Dhaka, Aug. 24 -- The Summit LNG Terminal Company (SLNG) has sought around $22 million in bills from the Petrobangla for the last three months though it has been inoperative since late May, a senior P... Read More


Indian ONGC likely to abandon hydrocarbon exploration in Bay

Dhaka, Aug. 21 -- Indian oil and gas exploration company ONGC Videsh Ltd (OVL) is set to abandon its hydrocarbon exploration efforts in two Bangladeshi offshore gas blocks after a decade of operations... Read More


Summit LNG Terminal unlikely to resume operation this summer

Dhaka, Aug. 14 -- Summit LNG Terminal is unlikely to resume operations this summer due to fresh damage to the seabed pipeline structure, sources said. A Singapore-based service provider, hired by Sum... Read More


Coal fires power plants as unrest slows fuel oil supply

Dhaka, Aug. 11 -- The country's overall fuel consumption pattern in power plants reversed during the quota reform movement, with a sharp rise in electricity generation from coal-fired power plants. S... Read More


A fresh start under new-look govt

Dhaka, Aug. 8 -- Bangladesh makes a fresh start under a new-look government mandated through a student-mass uprising as a 17-member council of advisers, headed by Nobel laureate Prof Muhammad Yunus, t... Read More


Interim govt takes oath this evening

Dhaka, Aug. 7 -- A 15-member council of advisers of the interim government of Bangladesh, led by Nobel laureate Prof Muhammad Yunus, is set to be sworn in this evening to fill a three-day gap in power... Read More