Asifur Rahman

US company NS Energy Navigation’s chief executive is the grandson of a ruling party lawmaker, which raises questions about the fairness of the selection process.

The state-run corporation will now allow companies to seek enlistment with just one successfully completed LNG supply contract and $50 million in financial capacity

The company presented the concept to Petrobangla yesterday

Bangladesh is set to pay 35-37 percent more than what it currently pays for regasification services to a Chinese state-owned firm for the proposed third LNG terminal, although the government’s negotiation committee could not determine how much of the premium is justified.

The escalating conflict in the Middle East threatens to nearly triple Bangladesh’s liquefied natural gas (LNG) subsidy bill to Tk 40,000 crore ($3.3 billion) this fiscal year, forcing the government to turn to multilateral lenders for additional assistance.

Production suffers, cooking at home stalls, power generation plummets

Bangladesh has agreed to pay over $24 per million British thermal units (MMBtu) for two LNG cargoes to be delivered in September, as the country continues to scramble for supplies amid a global market squeeze triggered by the US-Israel war on Iran.

The government agreed to pay $24 per MMBtu, which was $10-$12 before February this year