Summary Excelerate Energy's proposal to construct its third floating storage and regasification unit (FSRU) near the Payra seaport in the Bay of Bengal has been unsuccessful due to the cancellation of an initial agreement. Petrobangla has sent a letter terminating the non-binding agreement, and the interim government has canceled the term sheet agreement with the energy giant’s Bangladesh Company. This... Read More
Summary: In light of current trends, industries are shifting focus to alternative energy sources like solar power. This is happening even though national grid capacity exceeds demand by 25,000MW compared to the current 15,000MW. Content: Several big companies have already switched to solar power partially or are considering it. They're finding that using solar panels on their roofs is a smart choice... Read More
Summary: The Jatiyo Sangshad extended the tenure of quick power supply Act which allows a sweeping authority to bypass the existing legislation for quick implementation of projects in all types of energy and power sectors. Content: Previously, The Quick Enhancement of Electricity and Energy Supply Act 2010 was extended until October 2021, which would finish in this month. The act was extended... Read More
Summary: Russian energy giant Gazprom has obtained a contract by Bapex to drill three more wells at Bhola Island with a total cost of $77.18 million which is BDT 6.48bn Content: Russian energy giant Gazprom has obtained an NOA to carry out the drilling of three more onshore gas wells at Bhola Island meaning they are officially notified by the... Read More
Summary: A court in Netherland has ruled that the oil giant Shell must condense its emission to align its policies with the Paris climate accords. With full awareness of the action on climate change, Shell has declared to appeal on the Court decision and has replied on the case verdict by stipulating their business policies and journey towards a net-zero... Read More
[Source: WLG] The energy demand of our globalized world is constantly expanding, not least due to increasing mobility, data processing and industrial production. Climate change poses a major challenge. Most of the fuels used for the mobility of the world population, in an industrial context or for energy supply are usually neither renewable nor environmentally friendly. For the long-term... Read More
