Category: Energy and Power

No decision has been taken on rising fuel prices, Information and Broadcasting Minister Zahir Uddin Swapan has said. While brie?ng the media on the activities of the government on 25 March, he added, ‘There is no shortage of fuel in the country, nor do we think we will face a shortage.’ Swapan spoke with the media after a special meeting, chaired by Prime Minister Tarique Rahman, on measures to address the fuel situation in the country. The meeting was held at the Prime Minister’s Cabinet Division of?ce in the Secretariat recently. Swapan the minister and state minister for power, energy and mineral resources, on the direction of the prime minister, are handling the situation and have not given any directive to raise prices.

even the prices in Bangladesh are lower than in neighbouring countries, he added.

The government has withdrawn the rationing system for fuel sales, allowing ?lling stations across the country to resume normal operations. State Minister for Power, Energy and Mineral Resources Aninda Islam Amit announced the decision at a press conference at the Secretariat recently. However, he warned that strict action will be taken against anyone attempting to stockpile fuel taking advantage of the situation. The state minister said the government had earlier taken several measures, including introducing rationing in fuel distribution, to address supply disruptions caused by the Middle East con?ict. ‘Several imported oil-carrying vessels have already reached Chattogram Port,’ he said.

Syntax Mart, a sister concern of Syntax Group, has achieved the prestigious Leadership in Energy and Environmental Design (LEED) Platinum certification, scoring an impressive 90 points. LEED is a green building certi?cation program used worldwide.

the certi?cation recognizes the company’s commitment to sustainable development, ef?cient use of electricity, gas and water, and the creation of environmentally friendly working conditions. The certi?cate was formally presented at a ceremony held at Syntax Group’s corporate of?ce. Reaz-ul Islam Sharear, managing director of Syntax Group, received the certi?cate on behalf of the organization. Speaking at the event, he said the achievement goes beyond a certi?cation and strengthens the company’s sustainability vision

Bangladesh is seeking long-term partnerships to diversify its energyimport sources and plans to establish a landbased lique?ed natural gas (LNG) terminal to strengthen supply security, as geopolitical tensions threaten key global shipping routes.

energy, Power and Mineral Resources Minister Iqbal Hassan Mahmood Tuku said disruptions in LNG shipments through the Strait of Hormuz have exposed vulnerabilities in Bangladesh’s energy supply chain, prompting the government to accelerate efforts to secure alternative sources and attract fresh investment in the sector. ‘We are seeking long-term partnerships for diversi?ed sources to ensure a stable energy supply arrangement,’ he was quoted as saying at the inaugural Indo-Paci?c Energy Security Ministerial and Business Forum in Tokyo on Sunday. ‘A large share of Bangladesh’s lique?ed natural gas (LNG) imports passes through the Strait of Hormuz,’ the minister said, adding that current disruptions along this route pose a major threat to Bangladesh’s energy security

Paramount Textile, a listed company, is set to install a 9.81-megawatt rooftop solar power plant at its factory premises to ensure sustainable business operations.

the decision was taken at a meeting of the board of directors recently as part of efforts to support manufacturing with renewable energy amid global fuel supply disruptions triggered by the escalating Iran-Israel war.

the company will sign a Power Purchase Agreement (PPA) with Paramount Solar for the development of the solar facility at the company’s factory premises at Sreepur in Gazipur, according to a stock exchange ?ling on Monday. Paramount Textile holds a 99.99 percent stake in Paramount Solar.

the board of Paramount Textile unanimously approved the proposal to sign the deal for the development, operation and management of the rooftop solar power project, the disclosure reads.

the project will be implemented under the OPEX (operational expenditure) model, under which the solar developer will design, ?nance, construct, operate and maintain the plant.

India’s cumulative installed battery energy storage system (BESS) capacity is projected to reach 346 GWh by 2033 from less than 1 GWh today, according to a white paper by the Indian Energy Storage Alliance (IESA) and Customized Energy Solutions (CES).

india’s stationary energy storage market is expanding rapidly, with 69 new BESS tenders totaling 102 GWh launched over the past year – a 35% increase over 2024 and nearly double the annual tender volume – according to a white paper released at the recent Stationary Energy Storage India (SESI) 2026 conference. Cumulative installed capacity currently stands at less than 1 GWh, with 92 GWh of projects now in the pipeline. The report, prepared by IESA in partnership with CES, projects installed stationary storage capacity will reach 346 GWh by 2033 under a base scenario, rising to 544 GWh if policy momentum continues. Pumped hydro energy storage (PHES) capacity is projected to grow from 7 GW in 2025 to 107 GW by 20

The International Energy Agency said recently its member countries would unlock 400 million barrels of oil from their reserves – the biggest such release ever – to ease the impact of the Middle East war. ‘The oil market challenges we are facing are unprecedented in scale, therefore I am very glad that IEA member countries have responded with an emergency collective action of unprecedented size,’ IEA executive director Fatih Birol said in a statement. The IEA says the emergency stocks will be made available to the market over a ‘timeframe that is appropriate to the national circumstances’ of each member country.

it is the sixth time the IEA has approved a coordinated release of oil stocks, having previously done so in 1991, 2005, 2011, and twice in 2022, it say

ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company, said recently it had made ‘temporary operational adjustments’ to production due to disruption in the Strait of Hormuz, while continuing operations despite Iranian strikes across the Gulf. ‘Operations are continuing safely across ADNOC Gas plc’s asset base. Following debris falling near certain facilities, inspections con?rmed no injuries and no impact to core processing integrity,’ the company said in a disclosure to the Abu Dhabi Securities Exchange.

the ?rm said it had ‘made temporary operational adjustments to production of Lique?ed Natural Gas and Export Traded Liquids’, in response to ongoing shipping disruption in the Strait of Hormuz, which has been effectively blocked by Tehran. ‘The Company is actively collaborating with customers and partners on a transaction-by-transaction basis to ful?ll commitments wherever possible,’ it added

Fuel prices in India increased recently, with premium petrol and industrial diesel becoming more expensive due to ongoing con?icts in the Middle East. According to oil marketing companies, the price of premium petrol went up by about 2.30 Indian rupees per liter, while industrial diesel saw a much bigger jump of around 22 rupees per liter. The rise in fuel costs is linked to instability in the Middle East, which has been affecting global oil markets and supply. Higher industrial diesel prices are expected to impact key sectors such as manufacturing, transport and power generation. This could lead to higher production and delivery costs, and eventually push up the prices of everyday goods, local media reported. However, the government downplayed the increase in premium petrol prices, saying it would have limited impact as only a small portion – around 2 to 4 percent – of consumers use this type of fuel

QatarEnergy has declared force majeure on some of its affected long-term liqui?ed natural gas (LNG) supply contracts, with counterparties including customers in Italy, Belgium, South Korea and China.

the move comes amid production disruptions linked to the US-Israeli war on Iran, which has affected Qatar. Global energy markets have been reeling since the United States and Israel began attacking Iran in late February.

iranian missile and drone strikes across the Middle East, including most notably in the Gulf region, have targeted oil and gas facilities, prompting international condemnation.

the essential closure of the Strait of Hormuz, a critical Gulf waterway through which about one-?fth of the world’s energy supplies transit, has also spurred mounting concern as energy prices have soared.