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Bangladesh

Asia

Gas price risk rising for emerging Asian markets, threatens expansion plans

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.

Asia

Bangladesh seeks contractor to build first onshore LNG terminal

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.

Asia

Keppel set to pounce on bankrupt KrisEnergy assets

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.

Asia

Vultures start to circle Singapore’s KrisEnergy

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.

Asia

Chevron to sell Bangladesh business

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.