Dhaka, Friday, December 14, 2018 04:25 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Imported LNG to be supplied from July 4

The government will start supplying imported liquefied natural gas (LNG) to the national grid from July 4 thanks to the onshore gas pipeline connecting the floating storage in Cox’s Bazar with the main demand centre in Chattogram.

“We are hopeful of commissioning the LNG supply on July 4. Initially, a maximum of 350mmcfd of LNG will be supplied to the grid,” M Quamruzzaman, managing director of Rupantarita Prakritik Gas Company Limited (RPGCL), told a hearing on gas tariff hike at TCB auditorium in the city on Monday.

Bangladesh Energy Regulatory Commission (BERC) chairman Monowar Islam chaired the hearing.

M Quamruzzman said they will need to mobilise around Tk 17,000 crore to create a revolving fund for LNG import.

“To meet the cost, we will need a net revenue of Tk 0.40 per cubic metre of gas. Otherwise, LNG import will face a major setback,” he said.

Petrobangla officials at the hearing said they will need Tk 33.44 per cubic metre to import 1000mmcfd of LNG at a cost of $8.5 per mmcfd inclusive of import duty and other charges.

After mixing 1000mmcfd imported LNG with 2700mmcfd local natural gas, the cost will come down to Tk 12.89 per cubic metre, the officials said.

Local natural gas costs Tk 5.32 per cubic metre.

Consumer Association of Bangladesh (CAB) energy adviser Prof M Shamsul Alam opposed the notion to raise the tariff of natural gas before commissioning the imported LNG.

CAB proposed to set the gas price at Tk 9.09 per cubic metre after regasification of LNG.

BERC chairman Monowar Islam told the hearing that BERC will decide on gas tariff hike proposals considering the greater interest of the consumers and the financial capacity of gas distribution companies.

He urged the consumers to keep faith on the BERC, terming ‘Each crisis is an opportunity.’

Print PDF

   You may also like

Category: Gas
Bakhrabad Gas Company earns Tk 217.86 lakh in profit

Category: Gas
Govt scraps new floating LNG projects for land-based ones

Category: Gas
Govt resolves FSRU issues, to resume LNG imports

Category: Gas
No gas price hike for now: BERC

Category: Gas
Import duties on LNG withdrawn

Category: Gas
Chattogram LNG supply rises as RasGas vessel docks

Category: Gas
Announcement of gas price hike ‘this week’

Category: Gas
Chattogram starts getting 300mmcfd LNG

Category: Gas
Chevron largest natural gas producer in Bangladesh
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Gas Stories
Bakhrabad Gas Company earns Tk 217.86 lakh in profit
Govt scraps new floating LNG projects for land-based ones
Govt resolves FSRU issues, to resume LNG imports
No gas price hike for now: BERC
Import duties on LNG withdrawn
Chattogram LNG supply rises as RasGas vessel docks
Announcement of gas price hike ‘this week’
Chattogram starts getting 300mmcfd LNG
Chevron largest natural gas producer in Bangladesh
National grid gets additional 16mmcfd of gas from Habiganj field


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT