Dhaka, Tuesday, April 24, 2018 06:33 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
LPG
Beximco purchases first LPG carrier in Bangladesh
Beximco Petroleum Limited, a concern of Beximco Group, has announced the purchase of the first LPG (Liquefied Petroleum Gas) carrying vessel in Bangladesh to travel on international waters with the National flag, the company said in a press release. The vessel, named BEXPETRO 1, with an LPG carrying capacity of 2700 MT will be the first Bangladeshi ship to directly procure LPG at source. This marks a major milestone not only for LPG operators in Bangladesh but also for the nation at large as this paves the way for a more cost-effective and efficient LPG supply chain. Led by Captain Alexander Fajardo, BEXPETRO 1 is expected to arrive in Bangladesh with its first shipment of LPG by the first week of December 2017.  With two more vessels of similar capacity already in the pipeline, this is a stepping stone for Beximco Petroleum’s strategic vision of becoming the premiere LPG operator in the country. Beximco Petroleum, in collaboration with Index Power and Energy (A Beximco company), has already set up a state-of-the-art ISO 9001 certified LPG plant in Mongla with a capacity of 3000 MT. Expansion work is underway for an additional capacity of 3000 MT at Mongla; another LPG terminal of 5000 MT capacity is being set up at Narayanganj. With a robust sales and distribution network, Beximco Petroleum is ready to cater to the rapidly growing LPG demand in the country.
LAUGFS Gas won the most promising LPG company in South Asia award
November 12, 2017 Sunday 12:18 PM By News Desk, energynewsbd.com
LAUGFS Gas won the most promising LPG company in South Asia trophy in South Asian Partnership Summit and Business Excellence Awards 2017. The event was concluded recently in a festive mood at Hotel Le Meridien in Dhaka. This prestigious award to LAUGFS Gas Bangladesh was handed over by Dr. Gowher Rizvi, International Affairs Adviser to the Prime Minister of Government of Bangladesh. Ranjith Jayawardena, COO of LAUGFS Gas Bangladesh, represented the company to receive the award from the stage.
Category: LPG
LAUGFS Gas celebrates two years in Bangladesh
October 30, 2017 Monday 12:51 PM By News Desk, energynewsbd.com
LAUGFS Gas Bangladesh Limited, one of the largest LPG distributors in the country, has celebrated its 2nd anniversary with a pledge of making significant investment in Bangladesh in next three years. To mark its step into the third year operation in Bangladesh, the Sri Lankan company organised a celebration programme with its key stakeholders at a city hotel in Dhaka recently, said a press release. Kazi M Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA), attended the programme as the chief guest. LAUGFS Holdings Chairman WKH Wegapitiya,  Director and Chief Executive Officer Mohammed Saidul Islam, Chief Operating Officer Ranjith Jayawardena, General Manager (Finance) Sujeewa Vidanapathirana, General Manager (Sales and Marketing) Nazeer Latiff, General Manager (Operations) Dr. Mayura Neththikumarage was also present at the event. The LNG distributor company is planning capacity enhancement, increasing of storage volume, establishment of a cylinder manufacturing plant along with expansion of the distribution system, they said. Currently, the company operates LPG import, bottling and distribution facility in Mongla Port, according to a media statement. The company imports and distributes over 50,000 MT of LPG every year and operates an expansive and fast growing distribution network across the country. LAUGFS entered Bangladesh in 2015 with the acquisition of PetredecElpiji Limited, and is one of the largest LPG downstream players in the country. 
Category: LPG
Laugfs Gas to expand presence in Bangladesh
July 14, 2017 Friday 8:58 PM By News Desk, energynewsbd.com
Laugfs Gas Bangladesh, a company of Sri Lanka-based multinational Laugfs Holdings, said it plans to strengthen its presence in Bangladesh with renewed commitment and further investments. The firm disclosed its plans at a reception for visiting Sri Lankan President Maithripala Sirisena at Sonargaon hotel. “As an energy conglomerate with a strong footprint within the region, we plan to invest significantly in Bangladesh over the next three years to enhance capacity, expand storage and set up a cylinder manufacturing plant,” said Laugfs Holdings Chairman WKH Wegapitiya in a statement on Thrusday. Sri Lankan Foreign Affairs Minister Ravi Karunanayake expressed hope that bilateral trade would treble within the next two years. He said the president also instructed them to work towards establishing a free trade agreement between the two countries. Laugfs Gas entered Bangladesh in 2015 with the acquisition of Petredec Elpiji Ltd and is now one of the largest liquefied petroleum gas distributors in the country. The company imports and distributes over 50,000 tonnes of LPG every year and operates an expansive and fast-growing distribution network across Bangladesh. The company operates LPG import, bottling and distribution facilities at the Mongla port. It also pioneered the introduction of autogas in Bangladesh and supplies LPG to automobile service stations across the country. Md Shahriar Alam, state minister for foreign affairs; Nasrul Hamid, state minister for energy; and Zunaid Ahmed Palak, state minister for the ICT Division, also spoke. Mahbubur Rahman, president of the International Chamber of Commerce (ICC) Bangladesh, and Latifur Rahman, chairman and CEO of Transcom Group and a member of the executive board of the ICC, were also present.
Category: LPG
Energypac LPG hits market soon
June 22, 2017 Thursday 12:46 PM By News Desk, energynewsbd.com
G-Gas LPG, a product of Energypac, is going to hit the LPG market shortly. In line with the plan, a distributorship contract signing ceremony was arranged at Energypac`s corporate office, said a statement. Managing Director and CEO of Energypac Power Generation Ltd. Humayun Rashid handed over the distributorship certificates to the appointed distributors of Dhaka Zone at a function in the city recently. Other attendees include General Manager, Sales and Marketing Abu Sayed Raza, Head of Operations Naweed Rashid and other members of G-Gas Sales & Marketing team.
Category: LPG
Unitex Group plans to establish LPG terminal plant
March 23, 2017 Thursday 4:32 PM By News Desk, energynewsbd.com
A signing agreement for design, supply of equipment, project management, supervision, erection and commissioning of liquefied petroleum gas (LPG) terminal plant and bottling facilities between Unitex LP Gas Limited and PARLYM International, a French company was held on March 22, in Dhaka. Olivier Tahon, Managing Director of PARLYM and Belal Ahmed, Managing Director of Unitex LP Gas Limited signed the agreement on behalf of their respective organisations. Among others, Md Zobaidul Islam Chowdhury, Director (Operation) of Unitex Group, Philippe Bechtel, Country Director of PARLYM and other high officials of both organisations were also present at the signing ceremony.
Category: LPG
Beximco plans to establish first LPG fired power plant in Bangladesh
March 8, 2017 Wednesday 8:41 PM By Staff Correspondent, energynewsbd.com
Beximco Group, the private conglomerate of Bangladesh, is planning to set up its first Liquefied Petroleum Gas (LPG)-based power plant in the country. On February 26, Rafiqul Islam, executive director (Corporate Affairs) of Beximco, has sent a letter to the chairman of Bangladesh Power Development Board (BPDB) requesting arrange a meeting in this regard. However, the capacity of the power plant and its location were not mentioned in the letter. The aim of the move is to expand energy supply sources and ease pressure on the country`s decreasing natural gas resources. Moreover, it is expected that the move will add further momentum to the growth of LPG demand due to its use as fuel in the automotive sector and the suspension of pipeline gas supply to households and commercial consumers. The consumption of LPG is increasing in Bangladesh day by day. In 2016, LPG consumption was around 300,000 tonne which was 200,000 tonne in 2015. According to the estimation of Bangladesh government, the actual unconstrained demand could be around 500,000 tonne per year as kerosene and wood are being used as alternatives to LPG due to lack of its availability. LPG, which is largely known as cooking fuel in Bangladesh, has turned to a great utility in using as a fuel in power generation. Moreover, LPG has become a great competitor to Liquefied Natural Gas (LNG) and even coal due to its good heating value, cleaner generation and lower cost. Beximco Group is planning to introduce a new type of fuel LPG in power generation with the help of its technical partner USA-based General Electric (GE). The GE is successfully operating several power plants run by LPG in America, Africa and Asia. On October 2016, Beximco signed a deal with two Chinese companies to produce 2,180MW power of which 1,980MW from coal-fired power plant and 200MW from solar power plant.
Category: LPG
‘LPG prices to be fixed through consulting with private operators’
February 26, 2017 Sunday 8:02 PM By Staff Correspondent, energynewsbd.com
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Sunday said that an effective pricing mechanism will be introduced in consultation with private market operators to months to control the prices. Talking with the journalists at the sidelines of the `4th Asia LPG Summit 2017` which started at the Bashundhara International Convention Center in Dhaka, Nasrul said that government would take initiatives to control the LPG price within the next two months. World LPG Association organised the two-day summit where a new organisation `LPG Operators Association of Bangladesh` (LOAB) was floated with Bangladesh Awami League`s president private sector affairs adviser Salman F Rahman its president. Admitting the sale of LPG at inflated rates in different areas, Nasrul said this happens due to transportation cost. “We are studying how the LPG price could be linked with the international market.” He said the Energy and Mineral Resources Division has already formulated a policy over investment in the LPG sector. "Now we are working to determine how and who will regulate the LPG market and how could be the safety will be ensured." Earlier, speaking as the chief guest at the inauguration ceremony, he also said that 70 percent of the existing household gas connections will be replaced with LPG over the next two years. "Our original plan was three years. But, one year has already elapsed. Now two years are left for the job to be done. Hopefully, we will be able to introduce LPG in 70 percent areas," he said. He said if the natural gas is diverted to industries from household and motor vehicles, it would give more benefits to the economy. Urging the private investors to go for more investment in LPG sector, he said the economy is growing fast and there will be a huge LPG market in Bangladesh. He said the government has a plan to replace the CNG with Auto Gas for motor vehicles as well. Even LPG could be used in small and medium industries, he added. Speaking on the occasion, Salman F Rahman said that the government has gradually increased the price of gas through pipeline to discourage gas usage for domestic purposes and for vehicles.  “The country only has limited about of gas left. We should be careful in using it. Our Prime Minister Sheikh Hasina has thus put emphasis in energy alternative like LPG,” he said. Director of World LPG Association David Tyler, Secretary of Energy and Mineral Resources Division Nazimuddin Chowdhury, Assistant General Manager of Omera Petroleum Limited Tanzeem Chowdhury also spoke at the function. About 100 companies from 20 countries are participating in the summit.
Category: LPG
First ever Fourth Asia LPG Summit 2017 in Bangladesh will be held on Feb 26-27
February 24, 2017 Friday 1:26 PM By Staff Correspondent, energynewsbd.com
Fourth Asia LPG Summit 2017 expected to be held first time ever in Bangladesh on February 26-27 at International Convention Hall Bashundhara (ICCB) hall-4 in Dhaka.  The Summit will be organised by World LPG Association (WLPGA), All Event Groups, Singapore and Global Event Management Services Ltd, Bangladesh.  Two days conference with exhibition will be arranged and more than 150 foreign participants are coming to attend the Summit, Tan Calvin, Business Development Manager of All Event Groups, Singapore, said a press conference held at Jatiya Press Club on February 22.  More than 50 companies from local and abroad are coming to show their updated technologies and benefits of LPG as alternative energy to meet the increasing demand of Bangladesh.  The Asia LPG Summit has been instrumental in bringing together investors, global LPG players, NGOs and technology providers in helping to develop and grow the LPG industry in Asia as well as Bangladesh in a sustainable and safe manner.  Ministry of Power, Energy and Mineral resources is the supported partner of this global event.  Nasrul Hamid, State Minister for Power, Energy and Mineral resources given consent to inaugurate and Md Tazul Islam, Chairman of Parliamentary Standing Committee of Ministry of Power, Energy and Mineral resources will close the summit.  Nazimuddin Chowdhury, Secretary of Energy and Mineral Resources Division and Abul Mansur Md Faizullah, Chairman of Petrobangla will be present as special guests.  Newly formed LPG Association will be launched in the opening day and launched by Salman F Rahman, Private sector development affairs adviser to Prime Minister of Bangladesh.   In the press conference Md Mazharul Islam, Head of Sales & Marketing of Global Event Management Services Ltd, Bangladesh and Md Ikhtiar Hossain, Manager of Business Development of GEMS Ltd were presented. 
Category: LPG
Govt frames LPG operational licensing policy
February 9, 2017 Thursday 10:42 AM By Staff Correspondent, energynewsbd.com
Government has framed out liquefied petroleum gas (LPG) operational licensing policy, 2017 for safe, suitable and to expand and operate competitive LPG market. Energy and Mineral Resources Division of Ministry of Power, Energy and Mineral Resources announced the policy on January 29 this year through publishing a gazette. Government has framed this policy amid different irregularities in this sector as there was no existing policy about this sector. Due to the formulation of the policy now government will finalise the way to fix up the retail price of gas on the basis of international oil market price after discussing with related stakeholders mentioned in the gazette. It is also mentioned in the gazette that for the expansion of multi-purpose use of liquefied petroleum gas import, production, store, transport, establishment of terminal, dispensing or re-fueling station for distributing LPG as fuel for auto vehicle, vehicle engine transformation factory, installation of bottling plant and distributing and marketing of LPG, appointment of master franchise or franchise or exclusive distributor or distributor and dealer related with the economy of the country, consumer right, transportation system and overall security system. This policy framed for safe, suitable, expansion and operating of competitive market LPG import, production, store, transport, establishment of terminal, dispensing or re-fueling station for distributing LPG as fuel for auto vehicle, vehicle engine transformation factory, bottling plant and distributing and marketing of LPG appointment of master franchise or franchise or exclusive distributor or distributor and dealer necessary infrastructure, financial sufficiency, specification of LPG standard, buyer-seller relationship at different stages and fixing related subjects for agreement deed and responsibility. The business institute who will intend to import, produce, store, transport, establish terminal, bottling plant and dispensing or re-fueling station for distributing LPG as fuel for auto vehicle, vehicle engine transformation factory for distributing and marketing LPG will be treated as ‘LP Gas Operator’. For establishing and operating terminal, plant and other infrastructure a company must obtain license from Department of Environment, Bangladesh Standard and Testing Institute (BSTI), Department of Explosives, Fire Service and Civil Defense, Deputy Commissioner (DC), Local Authority, in related fields permission from Bangladesh Investment Development Authority (BIDA) along with necessary permission or pass or no objection certificate (NOC) from related Ministry or Division or Department and license from Bangladesh Energy Regulatory Commission (BERC). Only the authorized master franchise or franchise or exclusive distributor or distributor and dealer by the LP Gas Operator can distribute the LPG for domestic, auto-gas, commercial and industrial purpose. No institute without prior permission from government and LP Gas operating license can operate as LP Gas Operator. For exporting bottled LPG or bulk LPG, NOC from Energy and Mineral Resources Division and in related fields’ permission from Ministry of Commerce must be taken. To operate LPG Operator business, an institute must construct tank with minimum 5,000 tonne LPG storage capacity and for bulk LPG transportation must have necessary number of LPG road tanker or vessel. One LPG Operator cannot refill the cylinder of another LPG Operator. If otherwise happened, government can take necessary action against the operator, authorized master franchise or franchise or exclusive distributor or distributor and dealer by the operator. It is also mentioned in the gazette that this regulation will get preference from other regulations whatever the other have.           
Category: LPG
Govt is set to introduce two new policies for LNG, LPG
January 21, 2017 Saturday 11:09 PM By Staff Correspondent, energynewsbd.com
State Minster for Power, Energy and Mineral Resources Nasrul Hamid on Saturday the government is set to introduce two policies in a month to regulate price of Liquefied Natural Gas (LNG) as well as to ensure safety in bottling, transportation and use. Nasrul made that remark during a Meet the Press organised by Dhaka Reporters Unity (DRU) in its Sagar-Runi Conference room. The power and energy ministry would also introduce price policy for the LPG, adding, “The government is trying to make LPG as a popular fuel for household users and the LPG would also be used in industries instead of natural gas supplied on pipelines,” He said that the government would begin supply of natural gas from imported LNG from June 2018, when current level of gas supplies would start declining.
Category: LPG
Omera Petroleum to set up LPG Reforming Process Unit at Mirsarai
November 22, 2016 Tuesday 9:18 PM By News Desk, energynewsbd.com
Bangladesh Economic Zones Authority (BEZA) Monday signed a memorandum of understanding (MoU) with Omera Petroleum Limited to establish a LPG Import Terminal and Reforming Process Unit in the Mirsarai Economic Zone. Secretary of BEZA executive board Mohammed Ayub and chief executive officer (CEO) of Omera Petroleum Md Tipu Sultan signed the MoU on behalf of their respective organisations at the BEZA office in the city. Omera Petroleum CEO Tipu Sultan said the project with an investment of about Tk 13 billion is expected to create employment opportunities for around 5,000 people. Speaking on the occasion as chief guest, BAZA executive chairman Paban Chowdhury said BAZA is developing the economic zone on 30,000 acres of land to make it a planned and well facilitated industrial area. According to the MoU, Omera will implement the project on 200 acres of land.  
Category: LPG
Free home delivery service of Bashundhara LP gas launched
November 14, 2016 Monday 12:50 PM By News Desk, energynewsbd.com
Country’s leading business conglomerate Bashundhara Group has launched free home delivery service of its LP gas on phone calls. Bashundhara Group Vice Chairman Shafiat Sobhan inaugurated an ‘Order Point’ in the Bashundhara Residential Area in the capital on Sunday to offer the service. Speaking at the function, the vice chairman said Bashundhara Group wants to take its services at the door of LPG consumers. He said the new order point will function as ‘direct sales point’ and ‘instant home delivery point’ for the residents of Bashundhara and its neighbouring areas. It will be trouble-free for them to collect LPG cylinders, he added.  “Our officials are ready to give home delivery service within three hours of receiving a phone call from 9 am to 5 pm everyday initially. But, anybody can collect LP gas cylinders from the point up to 9pm,” he said. The point has two phone lines -- 01991197804 and 16339 -- for receiving orders from consumers. Shafiat Sobhan Sanbir said Bashundhara Group has a plan to expand the free home delivery service across the country in future. Bashundhara LP Gas Ltd Head of Brand and Marketing Department MM Jasim Uddin, Head of A&F Department Mahbubul Alam, Head of Supply Chain Division Md Abdus Shukur, Head of Sales Mir TI Faruk Rizvi and DMG (Operation and Planning) Jakaria Jalal also attended the function. Bashundhara LP Gas Ltd is the first private LPG plant in the country. It has a higher production rate than any other filling station in Bangladesh. It possesses 3000 tonnes storage capacity, the largest among the LPG plants in Bangladesh.
Category: LPG
Beximco to distribute Norwegian composite LPG cylinders in Bangladesh
November 11, 2016 Friday 9:53 PM By News Desk, energynewsbd.com
Hexagon Composites` subsidiary Hexagon Ragasco has entered into a four-year frame agreement with Beximco Group for sales of composite LPG cylinders into the fast growing Bangladeshi market. As natural gas is a limited resource in Bangladesh, the government aims to reserve this energy source for industrial applications and power generation. Piped natural gas for households is planned to be replaced with bottled LPG, and it is therefore anticipated that the demand for LPG cylinders will be significant in the coming years. The parties are targeting a volume of 1.4 million cylinders over the four-year period of the frame agreement. The first delivery under the frame agreement will be shipped in the fourth quarter of this year. The total value of the initial order is approximately USD 2.1 million (approximately NOK 17 million). Hexagon Ragasco is the world`s leading manufacturer of composite LPG cylinders with more than 11 million units in commercial use. The high-volume, highly automated production facility in Raufoss, Norway is the most advanced of its kind world-wide. Hexagon Ragasco`s products are unique and provide many advantages over traditional steel cylinders in terms of safety and user-friendliness. "We expect that this agreement is the start of a long-term collaboration with Beximco Group," says Skjalg S. Stavheim, Managing Director of Hexagon Ragasco. "With a premium product offering considerable advantages over steel cylinders, we are confident that the composite LPG cylinders will help to make domestic use of LPG in Bangladesh safer and more user-friendly." The Beximco Group is one of Bangladesh`s largest and most diversified industrial conglomerates with an annual turnover in excess of USD one billion and employing 65,000 people. "We are very pleased to have entered into a partnership with Hexagon Ragasco. The lightweight LPG cylinders provide numerous advantages over traditional steel cylinders in terms of safety, corrosion-resistance and user-friendliness, and will give improved handling and experience for the distributors and consumers," says Ajmal Kabir, Group Director and CEO, Petroleum & LNG at Beximco Group. "With our leading position, we aim to enter the LPG business in Bangladesh on a large scale." Source: Reuters    
Category: LPG
Auto gas policy finalised without fixing price formula
October 15, 2016 Saturday 10:23 PM By Staff Correspondent, energynewsbd.com
Without fixing the pricing formula for auto gas, the government has issued circular for Liquefied Petroleum Gas (LPG) or auto gas, establishment of re-fueling station and conversion workshop, its operation and maintenance policy-2016. The policy has been formulated to replace CNG with LPG or auto gas as the fuel for the vehicles as the reserve for natural gas is on the wane. The recently released circular said, the re-fueling station owners have to sell auto gas as per the price and standard fixed by the government. The officials of the Energy and Mineral Resources Division (EMRD) however are still in the dark about how to fix the price and standard for the gas. Though around 50 lakh LPG cylinders are sold across the country for usage in household and commercial purpose, the government is yet to set any price for LPG. Besides, there is government fixed provision for selling cylinders bottled by the state owned entity at Tk 750 per cylinder but in reality the price is way more than that in the market. The government circular also said that instead of octane, petrol and diesel for the vehicles, LPG gas has gained popularity across the world as an environment-friendly fuel. The cost of using LPG in the vehicles is lower than the fossil fuel. It is also possible to save a huge amount of foreign currency by using auto gas instead of conventional liquid fuel. To ensure the distribution of auto gas and to ensure security, there must be a policy. The recently circulated policy has been formulated to ensure that. The policy said that no person or organisation can establish any auto gas re-fueling station or auto gas conversion workshop or take part in its operation or maintenance without the approval of the government. The government will have the right to cancel the approval of any auto gas refueling station or conversion workshop if it breaks any conditions, law or regulations mentioned in the policy. If a joint venture company is formed along with a foreign company, then the company has to complete its registration with the Board of Investment (BoI) and the existing government rules and regulation regarding that will be applied in that case. For establishing auto gas station, the distance between two gas stations on the same side of the road inside a city corporation and district town should be at least two kilometers and it should be four kilometers otherwise. For establishing auto gas station on the opposite side of the road, the distance between two gas stations inside a city corporation and district town should be at least one kilometer and it should be two kilometers otherwise. The government, under special circumstances can relax the conditions here. Without getting approval and license from the Department of Explosives, establishment of new stations or changes/extension and addition/removal in the old establishment cannot be made. For the approval, a station must have the license issued by the Department of Explosives along with the station plan, license and approval from the Bangladesh Energy Regulatory Commission (BERC), the certificates and the copy of the certificates of the employed persons and the no-objection certificate (NOC) from the Fire Service and Civil Defense (FSCD). The auto gas re-fueling station has to be established within a year of getting the primary approval. Any person or organisation will get the approval of auto gas workshop if it is established within 100 meter of the bus stand and bus terminal. Besides, there are several other condition by fulfilling which, anyone can get the permission to establish the workshop, said the policy.
Category: Nuclear
First digital autogas filling station established in Bogra
October 13, 2016 Thursday 2:45 PM By News Desk, energynewsbd.com
Intraco group, one of the largest private entrepreneurs of the country’s energy sector has established the first digital LPG autogas filling station in Bogra. On October 8, H M Hakim Ali, the chairman of Intraco Group inaugurated the first autogas filling station at Shahjahanpur upazilla of Bogra. During the inauguration, Hakim Ali said that the government has taken several initiatives to inspire people in using LPG as an alternative of natural gas. As a continuation of that government initiative, Intraco LPG Ltd has established this first digital LPG autogas filling station in Bogra. He also informed that 200 more LPG autogas stations will be established in different districts of Bangladesh in near future.    Lawmaker Tajul Islam, Chairman of the parliamentary standing committee on Ministry of Power, Energy and Mineral Resources was also present at the occasion. Also present were Mohammed Irad Ali, Deputy Managing Director of Intraco LPG Ltd, the DC of Bogra, the senior ASP of Bogra among other local elites. What is autogas? Autogas is the common name for liquefied petroleum gas (LPG) when it is used as a fuel in internal combustion engines in vehicles as well as in stationary applications such as generators. It is a mixture of propane and butane. An official from the Ministry of Energy and Mineral Resources Division (EMRD) said that the government has taken several attempts to reduce the usage of compressed natural gas in household and vehicles. As a part of the LPG is going to be used in motor vehicles, the official said adding that using autogas in motor vehicles instead of petrol and diesel is more environment-friendly and cost effective. Autogas has been able to establish itself as an environment friendly alternative. The level of carbon monoxide, carbon-di-oxide, sulpher-di-oxide and nitrogen oxide which are emitted from petrol and diesel driven vehicles pollute the environment to a large extent whereas autogas does not pollute the environment by emitting those gas in such extent. Already three private entrepreneurs have gotten permission from the government to establish 1,000 autogas filling stations across the country.  The EMRD official said that government permission for some other private entrepreneurs for establishing autogas filling stations is in the pipeline. As of now, there are 12 autogas filling stations and around 1,500 vehicles are using autogas.
Category: LPG
Bangladesh -Iran pair up to invest $12 million in LPG sector
July 26, 2016 Tuesday 12:45 AM By Staff Correspondent, energynewsbd.com
Bangladesh based Star Infrastructure Development Consortium Limited on Monday joined hand with Iran based Servigas to invest around $12 million to take the country`s LPG sector into a fast lane. Star Infrastructure Development Consortium Limited and Servigas Company signed a memorandum of understanding (MoU) to implement production facilities of LPG Bullet trucks, LPG Industrial storage tanks, household cylinders for cooking stove and cylinders for vehicles. The MoU was signed during a ceremony which was organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at a city hotel. Abdul Matlub Ahmad, President of FBCCI who also the Chairman of Star Infrastructure Development Consortium Limited and Shahariar Rabiee, Managing Director of Servigas signed on behalf of their respective companies. Matlub said that initially the joint venture will invest around $12 million to implement facilities to produce LPG storage tankers and household tankers. "The investment will gradually increase to implement other LPG facilities," he said. Matlub said that they have chalked out three initial locations for the production facility. These are Mongla of Bagerhat, Sonargaon of Narayanganj and Kishorganj. "Out of these, one final location will be selected after the technical team from Iran visits these places and finalized the factory location." he said. He said that worldwide LPG production has increased while the price has fallen hugely. About this venture with Servigas, he said that FBCCI had organised a business delegation with the assistance of the Iran Embassy and the government to Iran Oil and Petrochemical Expo in Tehran. "During our visit, we have met many prospective investors in the petrochemical sector and transfer of technology through cooperation with Iran`s technical colleges." he said. "Servigas will also transfer its technical knowledge to us." he added. The FBCCI president urged to remove various duties on this sector for the fast growth. He said that our neighboring country like India has helped this industry by allowing critical components like regulator, valve, LPG industrial storage and various industrial cylinders duty free. Speaking on the occasion as the chief guest, Tawfiq-E-Elahi Chowdhury, Energy Advisor to the Prime Minister Sheikh Hasina through this agreement Bangladesh pave the way for importing LPG from Iran. "Importing gas is one part but the most important part is that through this agreement, Servigas will transfer its knowledge and technical know-how for the LPG sector to Bangladesh and eventually help us to take the sector forward." he said. He said that the dependency on domestic gas has to decline. "For domestic purpose, there is no option but to go for LPG." Tawfiq said that Bangladesh is yet to promote LPG into the country`s energy mix on a large scale. "This will change with step like this." Shahariar Rabiee, Managing Director of Servigas Company said that Servigas is responsible for manufacturing of variety of cylinders and pressure vessels for storage, transport and distribution of LPG and a variety of pressure productions. Servigas is a subsidiary of Butane Group, which was founded in 1953 as the first LPG distribution company in Iran. He said that relying on the experience gained from 30 years of rehabilitation in the field of LPG industry and the scientific and technical knowledge of its young forces, Servigas gained the ISO9001-2008 certification while taking steps in achieving organizational excellence. The company is trying to meet customer needs by producing safe and diverse products in compliance with global standards."Now we want to transfer our technical knowledge and expertise in Bangladesh. " Mohd Noor Ali, Vice-Chairman of Star Infrastructure Development Consortium Limited said that they are teaming up with one of the market leaders of LPG in the world. "I hope with this partnership, we will be able to contribute to country`s LPG sector." he said. Abbas Vaezi, Ambassador of Islamic Republic of Iran said that Bangladesh is moving towards the path of development in fast manner. "Bangladesh and Iran has one of the oldest trade relations. Right after the Bangladesh achieved its independence, we established trade relation. Now as the economic embargo on Iran is removed we want to explore new trade territories." he said. AR Khan, Chairman of Bangladesh Energy Regulatory Commission said that despite high demand, the LPG cannot be made available to people in reasonable prices. Md Shafiul Islam Mohiuddin, first Vice- President of FBCCI also spoke on the occasion.      
Category: LPG
    Recent LPG Stories
First digital autogas filling station established in Bogra
Bangladesh -Iran pair up to invest $12 million in LPG sector
Govt forms LPG bottling policy with both import- export provision
New LPG plant contract with Indian firm after three failed efforts
India`s Adani group eyes Bangladesh LPG market
Bangladesh signs MoU with India to establish LPG plant in Ctg
Indian company to ink MoU for LPG plant it ctg
LAUGFS Gas opening new corporate office in Bangladesh
Indian LPG bulk tankers to ply via Bangladesh
Govt plans to give subsidy in promoting LPG
Linde Bangladesh to invest € 14.6 m to build ASU
Bashundhara LP Gas Ltd sets record in filling cylinders
LAUGFS acquires Bangladeshi LPG Company for $ 18.7
India seeks transit facility from Bangladesh to carry LPG
    FOLLOW US ON FACEBOOK


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