Private power producers in Bangladesh have sought $1 billion of foreign currency from the country’s central bank to import heavy fuel oil to avert a looming energy crisis this summer.
Bangladesh is set to increase its coal-based power generation capacity to ensure supply security at a time when many other countries are focussing on cutting dependency on thermal coal power to achieve climate goals.
Russia’s war in Ukraine has Europe bracing for a tough winter, but the costs are piling up higher in emerging nations as governments struggle to keep energy flowing to citizens hit by surging inflation.
Sustained high prices may accelerate downward pressures on Asian liquefied natural gas (LNG) demand, clouding long-term industry outlooks.
An unprecedented energy crisis that’s gripping some of the most densely-populated and impoverished parts of South Asia may soon worsen as more fuel suppliers avoid selling oil to these nations.
Japan will withdraw financing for key coal-fired power plant projects in Bangladesh and Indonesia under efforts aimed at accelerating a global phase-out of the dirtiest fossil fuel.
Thailand is curbing imports of liquefied natural gas (LNG) due to surging prices, potentially putting the country at risk of fuel shortages.
Since the start of 2022, out of the eighteen accidents that shook the Bangladeshi shipbreaking industry, six have taken place at yards owned by Kabir Steel Re-Rolling Mills (KSRM), a concern of large conglomerate Kabir Group, reported NGO Shipbreaking Platform.
JERA, the world’s largest buyer of liquefied natural gas (LNG), and Summit Power, Bangladesh’s largest independent power producer, are collaborating on a plan to decarbonise the South Asian nation’s power sector.
For price-sensitive liquefied natural gas (LNG) buyers in Asia, now is not the time to build new LNG import terminals, according to the latest study from the Institute for Energy Economics and Financial Analysis (IEEFA).
Saipem and BW Offshore are among a host of companies that have been shamed for sending their vessels to the “infamous shipbreaking beaches of South Asia”.
China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.
Surging US Henry Hub gas prices, as well as higher and extremely volatile global gas prices, offers a lesson for emerging markets that investment in gas importing, distribution and power production assets will lead to stranded assets and lost wealth, according to analysis from IEEFA.
The government of Bangladesh has shortlisted eight potential global companies, including ExxonMobil and TotalEnergies, as well as various Japanese players, to build the South Asian nation’s first onshore liquefied natural gas (LNG) import terminal. Significantly, the proposed 7.5 million tonne per year (t/y) LNG processing facility would double Bangladesh’s import capacity.
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Industry sources have told Energy Voice that liquidators for financially crippled Asia-focused upstream player KrisEnergy are accepting non-binding offers for the Singapore-based company’s assets.
India’s H-Energy is set to finalise a long-term deal to supply re-gasified liquefied natural gas (LNG) to Bangladesh through a cross border natural gas pipeline.
Financially crippled Asia-focused upstream player KrisEnergy has finally admitted defeat and filed a winding-up petition to the Grand Court of the Cayman Islands. In response, state-backed Keppel Corporation, the largest shareholder in the Singapore-listed company, appears intent on seizing KrisEnergy’s remaining assets in Asia.
Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
Qatar Petroleum will supply 1.25 million tonnes per year (t/y) of liquefied natural gas (LNG) to Bangladesh after signing a deal with global trader Vitol.
A court has ruled it was illegal for a UK North Sea production vessel to be imported, beached and broken down on a notorious beach in Bangladesh.
North Sea oil and gas operators have slashed offshore downtime by more than 30%, according to a new index provided by an energy services firm.
Chevron has announced plans to sell its Bangladesh companies. The California-based firm said its subsidiary Chevron Global Ventures had agreed to sell shares of its subsidiaries operating in Bangladesh to Himalaya Energy. Chevron Bangladesh operates the Bibiyana, Jalalabad and Moulavi Bazar fields.
Bangladesh is to have Chevron Corp's in-country natural gas reserves assessed before making a formal bid to buy the assets, according to reports.