Bangladesh

Bangladesh expects first gasoil import from India through pipeline by end-2019

23 Oct 2017   Bangladesh, India

Bangladesh expects to import first 0.05% sulfur gasoil through pipeline from neighboring India by the end of 2019 under an agreement to import a total 5 million of the fuel over a 15-year period till 2034, state-run Bangladesh Petroleum Corporation chairman Abu Hena Md Rahmatul Muneem told S&P Global Platts Monday. BPC and India’s state-owned Numaligarh Refinery Ltd signed a sales and purchase agreement on October 22 in Dhaka in the presence of visiting Indian external affairs minister Sushma Swaraj, he said. India’s Bharat Petroleum Corporation Ltd. owns 61.65% stake of NRL, Oil India Ltd. owns 26% and the remaining 12.35% ownership is under the government of Assam state. The SPA signing paved the way for the start of construction of the proposed 130 km pipeline to be named as the Indo-Bangla Friendship Pipeline, said the BPC official. Oil product imports through this proposed pipeline would be a first […]

Chevron to sell Bangladesh gas fields to Chinese co

25 Apr 2017   Bangladesh

U.S. oil and gas company Chevron Corp said on Monday it has agreed to sell its three gas producing fields in Bangladesh to Chinese firm Himalaya Energy, as part of a plan to raise billions of dollars by shedding non-core properties this year. “The agreement is for the sale of Chevron’s Bangladesh companies, which hold our interests in Bangladesh,” a company spokesman told Reuters, declining to share the deal value or any timeline. The spokesman said Himalaya Energy is owned by a consortium of China ZhenHua Oil and CNIC Corp Ltd. ZhenHua is a state-owned oil company while CNIC is an investment corporation established in Hong Kong. Reuters reported in February that ZhenHua Oil had signed […]

Bangladesh gets help with gas assets

22 Nov 2016   Bangladesh

A loan totaling more than $150 million will help Bangladesh address the mounting energy challenges in its expanding economy, the Asian Development Bank said. The ADB said it approved a $167 million loan, with as much as $60 million more possible, to help Bangladesh tap into and deliver natural gas from the Titas field north of the capital city, Dhaka. “By addressing gas supply constraints and transmission bottlenecks, the project will increase the energy sector’s contribution to sustainable economic growth in Bangladesh,” Hongwei Zhang, a regional finance specialist at the ADB, said in a statement . The loan will help finance the installation of pumping infrastructure at the Titas field, the largest in the country. A transmission line of 112 miles long is also planned. Asian […]

Chevron starts natural gas supply from 2 new wells in Bangladesh at 90,000 Mcf/d

7 Dec 2015   Bangladesh

US oil and gas giant Chevron has started production from two new onshore wells in the Jalalabad gas field, northeastern Bangladesh, with output of around 90,000 Mcf/day, a senior Petrobangla official said Monday. State minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid inaugurated the natural gas supply from JB-6 and JB-7 wells at a function in Sylhet Sunday. Chevron will start gas production from another new onshore gas well — JB-8 — within the first quarter of 2016, said the official. Total natural gas production from the three new wells would be around 130,000 Mcf/d, raising Jalabad gas field’s production to around 350,000 Mcf/d and making it Bangladesh’s third largest producing gas-field with eight wells. Article continues below… With the two new gas fields starting supply Sunday, Bangladesh’s overall natural gas output has increased to around 2.80 Bcf/d. Chevron Bangladesh is currently the largest natural […]

Facing Rising Seas, Bangladesh Confronts the Consequences of Climate Change

28 Mar 2014   Bangladesh

When a powerful storm destroyed her riverside home in 2009, Jahanara Khatun lost more than the modest roof over her head. In the aftermath, her husband died and she became so destitute that she sold her son and daughter into bonded servitude. And she may lose yet more. Ms. Khatun now lives in a bamboo shack that sits below sea level about 50 yards from a sagging berm. She spends her days collecting cow dung for fuel and struggling to grow vegetables in soil poisoned by salt water. Climate scientists predict that this area will be inundated as sea levels rise and storm surges increase, and a cyclone or another disaster could […]