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Innovative approach to help deicde on energy needs

An innovative web-based computer model to help one of the world’s most densely populated countries get to grips with its energy needs has been developed by the University. Economic growth is expected to drive up demand for energy in Bangladesh but there are dwindling domestic reserves of conventional fuels. innovationAn open, interactive computer model will enable policy makers in Bangladesh – or anyone else – to consider different approaches to the country’s energy policy for the next 35 years. It allows users to experiment with a range of ene...

ConocoPhillips seeks deepwater gas price revision  

A ConocoPhillips-led joint venture is seeking to revise production sharing contracts for three new deepwater blocks offshore Bangladesh to allow a 2%/year gas price rise to kick in before first production begins, a company official said Thursday. “We have proposed the escalation of the gas price begin earlier than at first production, which is similar to what is in place in neighboring countries like Myanmar and Thailand,” ConocoPhillips managing director for Bangladesh operations Tom Early said. gasolinThe joint venture between ConocoPhilli...

Denmark sets world record in wind energy

In 2014, wind-generated energy made up overall 39.1% electricity consumption of Denmark,  according to the country’s Climate and Energy Ministry. The figure makes the country the world’s leading nation in wind-based power usage. Wind energy only contributed to 18.8% of the overall electricity production in Denmark in 2004. But 10 years later, this figure has more than doubled. In January 2014 alone, power from wind made up 61.4% of the Danes’ electricity consumption. euractive“These are incredible figures,” said Denmark’s Climate and Ene...

Petronet, Shell, Mitsui shortlisted for LNG terminal    

Petronet LNG Ltd, India’s biggest importer of liquefied natural gas (LNG), is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh. Bangladesh is looking at setting up a 3.5 million tons a year LNG import facility at Matar Bari in Moheshkhali Island of Cox’s Bazar district or Anwara, Chittagong. The terminal, which is to be set up on the build-own-operate basis, will supply gas to power plants. LNGIn all 15 firms responded to Bangaldesh’s tender seeking expression of interest by June 30. Of ...

LPG subsidy goes down the drain

Government subsidy of up to Tk 75 crore a year, meant to support LP gas (cooking gas) consumers, is being eaten up by a few middlemen for years. Though these middlemen (dealers) are thriving at the expense of taxpayers’ money, the government has done little in the last five and a half years to correct the price of the Bangladesh Petroleum Corporation (BPC)-produced liquefied petroleum gas in line with the market rate, reports the Daily Star. lpg-subsidy-goesState-owned BPC sells a 12.5kg LP gas cylinder for Tk 700, while pr...

Bangladesh proposes setting up coal-based power plant in India

To bolster bilateral energy ties, Bangladesh has suggested setting up of a thermal power plant through a joint venture in India. In this regard, Bangladesh has proposed that a coal block could be allocated to the joint venture entity while power generated from the plant could be supplied to Bangladesh. PowerThe proposed plant would be on the lines of 1,320 MW thermal project in Rampal- being jointly developed by NTPC and Bangladesh Power Development Board (BPDB)- in the neighbouring nation. "We have proposed that if we are given a coal block (by the Ind...
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