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

The government is set to launch exploration offers for all 26 offshore blocks today under a significantly relaxed framework featuring lower qualification thresholds, reduced entry costs and a series of commercial safeguards aimed at lowering investor risk in the Bay of Bengal.

Gas supply to industries increased in the first four months of the current year, and the supply of this key energy source to factories will increase further from today, said state-run Petrobangla.

How does the government plan to tackle the looming gas shortfall in the upcoming summer?

In the 15-plus years of the last government, the energy and power sectors of Bangladesh have been all but destroyed.

Bangladesh's Petrobangla has cancelled some spot liquefied natural gas imports after one of the country's two import terminals was damaged during a cyclone, leaving it unable to receive shipments, two industry sources said on Tuesday

The international tender for shallow and deep sea oil and gas exploration sparks some questions regarding its potential success in attracting offshore oil and gas exploration

Petrobangla yesterday floated the offshore bidding tender inviting international oil and gas companies (IOCs) to explore Bangladesh’s maritime area in the Bay of Bengal.

Government must reduce financial burden for citizens

Even with record high production, profit of MGMCL dropped as half of the rock remained unsold

Bangladesh's Summit Group set to supply 1.5 million tons of LNG per year to Petrobangla for 15 years, starting from Oct 2026

Petrobangla has prepared a draft of the Production Sharing Contract (PSC) for offshore gas exploration that improves the state-owned company’s bargaining position when it sits down for negotiation with global oil companies.

The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets. 

The amendment to BERC Act alters its position as the sole authority for fixing energy prices.

Will Petrobangla remain unaccountable?

The government has been deprived of about Tk 4,697 crore for 19 counts of irregularities by Petrobangla and Bangladesh Petroleum Corporation, found an audit.

The national energy crisis is a direct result of the corruption and nepotism encouraged by the indemnity law.

It must be made accountable for its irregularities

A recommendation has been made to a parliamentary standing committee that a martial-law era provision be brought back for shielding Petrobangla officials from legal proceedings for “acting in good faith”.