South Asia's solar power push is facing a land battle
Food and jobs are at risk when cropland and pastures are taken away. By BhaskerTripathi and Md. Modhera’s 6 megawatts (MW) of solar power and battery storage system were built in 2022, despite the opposition of local farmers who had filed a lawsuit in the highest court for the state in 2020 to stop its construction.
Bangladesh is looking for potential LNG suppliers as part of a new enlistment procedure
Bangladesh has invited companies to sign up for a contract that will supply liquefied gas on a temporary basis. On Sunday, Rupantarita Prakritik Gas Company Ltd. (RPGCL), an entity of Petrobangla owned by the state, posted a call for enlistment to its website. The application deadline is December 1.
Bangladesh resumes LNG spot purchases as fuel demand rises
Officials said that Bangladesh had issued three tenders for the purchase of liquefied gas (LNG) on the spot market. The move was made as the fuel demand increased following the end of the anti-government demonstrations and the restart of the main Summit LNG terminal. Officials…
APPEC and Japan's JERA consider Vietnam gas-fired energy plant investment
A senior executive from Japan's largest utility, JERA, said on Wednesday that the company plans to invest in a gas-fired plant in Vietnam as part of its efforts to transition away from coal and towards cleaner fuels. By 2030, power plants that use domestic gas or imported liquefied gas (LNG)…
APPEC-Gunvor expanding Asia operations and into power, according to chairman
Gunvor Group, a global energy trader, is expanding its Asia operations in order to expand into existing markets, such as liquefied petrol gas (LPG), gasoline, naphtha and aromatics, as well as new areas, including power. Power is one of the areas that Torbjorn Tornqvist - who is also a founder - said had potential in Asia.
Officials say that Bangladesh will buy LNG spot cargoes through an open tender.
Two Petrobangla officials announced on Thursday that Bangladesh will purchase LNG spot from the international market via an open bid rather than through a private one. One official said that before, bidders used to submit their price quotes by email or internal application at short notice and the contract was awarded to the lowest-bidder.
Bangladesh's Summit reviews cross-border power agreements after India's rule change
The chairman of Bangladesh's Summit Group said that the company plans to renegotiate initial deals to import renewable energy from India, after New Delhi recently changed its rules to allow generators who exclusively export their power to sell it locally. India changed its power export regulations less than a month after Sheikh Hasina…
NRL, an Indian refiner, expects normal diesel supply to Bangladesh
The company, Numaligarh Refinery Ltd. (NRL), said that it does not anticipate any impact on its diesel shipments to Bangladesh due to the political turmoil in Bangladesh. NRL, the subsidiary of Oil India, awaits its next diesel orders from Bangladesh. These are expected in the second half this month…
Bangladesh Puts to use China-built Crude Oil Offloading Facility
Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude oil.The single-point mooring facility at Chattogram port last Sunday offloaded 82,000 tons (about 600,000 barrels) of crude oil from a 100,000-ton ta
Wave of New LNG Export Plants Threatens to Knock Gas Prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.Proposed and approved new LNG plants…
Indonesian Coal Export Ban Rattles a Sector
The world's leading exporter of thermal coal on Saturday banned the shipments because of concerns it could not meet its own power demand, prompting President Joko Widodo on Monday to threaten to revoke business permits for any miners who failed to meet domestic market requirements.In turn…
LNG Demand to Rise 25-50% By 2030 - Morgan Stanley
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long-term LNG price outlook to $10 per million British thermal units (mmBtu)…
Global LNG Demand to Double by 2040: Shell
Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell, LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to…
Aramco Sells LNG Cargo to S-Oil
Aramco Trading Co, the trading arm of oil giant Saudi Aramco, has sold a liquefied natural gas (LNG) cargo to South Korea's S-Oil Corp, as the company looks to ramp up its LNG business, four industry sources said on Wednesday.The cargo is for delivery in early March and was traded on a delivered ex-ship (DES) basis, the sources said.The cargo
Qatargas Delivers 1st Cargo to Summit LNG
The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first Q-Flex cargo of the chilled fuel to the Summit LNG floating storage and regasification unit (FSRU) located offshore Bangladesh.The cargo, aboard Qatargas-chartered 'Al Safliya'…
Europe Dominates LNG Import Story in 2019
Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019, up from 314.9 million tonnes in 2018.This represents the largest ever increase in production.While East Asian…
Gas Explosion Kills 7 in Bangladesh
At least seven people were killed and eight injured on Sunday after a gas pipeline exploded in the Bangladeshi port city of Chittagong, a police official said.The gas pipeline exploded in front of a five-storey building, blowing walls off the building, local police official Mohammad Mohsin said, citing witnesses.The injured have been taken to
India to Drive LNG Capacity Growth in Asia
India is expected to drive capacity growth in Asia and Oceania’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 35% of the total growth.According to a Reportlinker research report on LNG regasification industry outlook in Asia and Oceania to 2023…
Petrobangla Gets 1st Q-Flex LNG cargo from Qatargas
Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) named ‘Excellence’ and known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.According to a press release from the Qatargas Operating Company…
USA to Dominate in LNG Capacity
The US and India are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively during the outlook period 2019-2023.The US's new-build liquefaction capacity is expected to grow from 26.1 million tonnes per annum (mtpa) in 2019…
