Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, July 12, 2018 10:53:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Govt must take prompt action to end the uncertainity over LNG

By
13th-Jul-2018       
Comments
Share your thought
Post a comment »
Read all () »

WE became very happy when American company Excelerate Energy's Floating Storage and Regasification Unit (FSRU) 'Excellence' arrived at Moheshkhali deep sea on April 23 bringing 0.65 million tone liquid gas from Qatar. The $180 million project was co-developed by Petrobangla, Excelerate Energy and the International Finance Corporation, a member of the World Bank Group. At that time, the authorities claimed that-Bangladesh entered the LNG era. People also hoped that, the imported LNG will be taken to the main terminal by lighter ships and it would be distributed through National Grid Line within May 12. But the reality is that, the floating terminal could not be connected with national gridline though over two and half months have elapsed.  
The unexpected delay, the reason not yet cleared by Petrobangla, has caused immense trouble to the industrial sector -- particularly, fertilizer factories and economic zones. Besides, the industrialists who have invested a huge amount of money in the industrial sector hoping that they would get gas connection by April are now passing their days in utmost anxiety. Nobody knows when the LNG could be supplied through National Grid.
According to newspaper reports, Petrobangla will also have to suffer huge loss due to the delay. The liquid gas is vaporizing through the leakage of the pipeline and for that reason the daily loss is about Tk 40 lakh. Reports said the Excelerate Energy, which is assigned to fix the pipeline with national grid, is now wasting time showing different excuses, including faulty pipe and high tide.  They said it would not possible for them to fix the pipeline if the high tide continues.  
Country suffers from two crippling energy shortages: electricity and gas. The grid based power shortages result in load-shedding and expensive diesel generation. In the meantime, residential, CNG, industrial and power users all struggle to access as much gas as required, while domestic gas has already started to decline. Pipeline pressure in the big cities is frequently very low. We agree, the introduction of LNG into the fuel mix is a critical step in overcoming these challenges while country is facing severe difficulties for shortage of local technical expertise.
The government must take immediate step to get a prompt solution in this regard. The uncertainity over LNG must be ended.


Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Quota reformers are denied justice, silent impunity offered to the attackers


BCL men have attacked quota reformists at least 13 times in the last three months while injuring around 68 students of four public universities. But neither police nor the university authorities took action against any of the attackers. The attacked and injured reformists were denied justice and some of the ...

Football »

Ronaldo ends nine-year Madrid reign, joins Juventus


Modern great Cristiano Ronaldo left Real Madrid to join Italian champions Juventus for 100 million euros ($117 million) on Tuesday, with the Portuguese superstar saying the time had come "for a new stage" in his life.Juventus confirmed that Ronaldo had signed a four-year contract and that the transfer fee, including ...

International »

The week Brexit got real: Britain turns pragmatic


 A week ago Britain had strict red lines on Brexit, pro-EU lawmakers were "traitors" and the plan for Britain's future ties with the European Union after leaving the bloc were a jumble of platitudes and overweening ambition.Fast-forward a few days and Brexit hardliners are on the defensive, while the government ...

City »

BNP Standing Committee Member Gayeshwar Chandra Roy, among others, at a discussion on 'Election- time Supportive Government: People's Expectation' organised by 'Desh Banchao Manush Banchao Andolon' in DRU auditorium on Wednesday.


Entertainment »

Purnima`s now and then…


Sheikh Arif Bulbon :National Film Award winning popular actress Purnima is now busy with only one TV show titled Ebong Purnima. She is the anchor of this popular TV show, which is being aired regularly on Rtv.  July 11 was the birthday of Purnima. She attended the live celebrity talk ...

Editorial »

DU authorities` move to make the campus a restricted area won`t help


THE Dhaka University authorities on Monday said no outsider will be allowed to roam or stay on the campus without prior permission, a move that goes against the very character of the country's premier university.  The statement also asked provosts concerned to issue letters to those female students who recently ...

Football »

FIFA WC has helped change Russia's image worldwide


TASS, Moscow :The ongoing FIFA World Cup has helped to change Russia's image in the world, Arkady Dvorkovich, the chairman of the Local Organizing Committee (LOC) Russia-2018, said on Monday."As for the championship's legacy, I would like to point to three aspects. First, it is infrastructure. It is very important, ...

City »

Shikshak-Karmachari Federation of Non-MPO Institutions observing fast unto death programme in front of the Jatiya Press Club on Tuesday for the sixteenth consecutive day with a call to enlist recognised non-MPO institutions under MPO.


International »

May clings to power amid Brexit resignation turmoil


British Prime Minister Theresa May chairs a meeting of her new-look cabinet on Tuesday as she clings to power following the resignation of her foreign and Brexit ministers in protest at her strategy for leaving the European Union.May has faced a backlash over the plan from Brexit hardliners in her ...

Entertainment »

Erica Fernandes shoots for teaser of Ekta Kapoor show


Earlier this year, Ekta Kapoor had hinted at the remake of hit TV show Kasautii Zingagii Kay. The acclaimed TV producer has now roped in Erica Fernandes to play the lead on the show. The Kuch Rang Pyar Ke Aise Bhi actor recently shot for the teaser and fan pages ...

Business & Economy »

IFIC Bank gets new DMD


Business Desk :Syed Mansur Mustafa has recently been promoted to Deputy Managing Director (DMD) of IFIC Bank Limited.Prior, he served as a Senior Executive Vice President and Chief Credit Officer (CCO) of the Bank. Apart from this, he worked as an Executive Vice President in Trust Bank Limited before joining ...

Editorial »

Clients deprived of single digit interest rate: Banks must stop illegal practice


THE government's decision to cut the interest rate on lending to 9% and that on deposits to 6% from the existing levels has not yet properly followed by the commercial banks. The decision on new interest rates was scheduled to go into effect from July 1. The banks are now ...

Football »

France eye World Cup final but Belgium have Henry factor


AFP, Saint Petersburg :World Cup favourites France are targeting the final in Russia two decades after their 1998 triumph with one of their greatest players, Thierry Henry, plotting their downfall from the dugout of opponents Belgium.The European neighbours meet in Tuesday's first semi-final in Saint Petersburg for the right to ...

International »

Erdogan assumes new Presidential powers


Reuters,Ankara :Turkey's Tayyip Erdogan will fulfil a long-held ambition on Monday when he is sworn in as president with sweeping new powers over a country he has dominated and reshaped during his 15-year rule. Launching the executive presidency which he fought hard to secure, Erdogan will also name a streamlined ...

City »

Leaders and activists of Jatiya Party see off its Chairman Hussain Muhammad Ershad at Hazrat Shahjalal International Airport on Monday on the eve of his departure to Singapore.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news