Formation | 2015 |
---|---|
Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
Energy Security Fund is a Bangladesh government fund that was formed to fund gas exploration and extraction projects in Bangladesh. [1] It is funded through a fee on domestic gas bills. [2]
Energy Security Fund was established in September 2015 by Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources. It is managed by Petrobangla. [3] Its creation was approved by Bangladesh Energy Regulatory Commission. The fund had over 70 billion taka in 2017. [4]
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state at standard conditions for temperature and pressure.
Japan is a major consumer of energy, ranking fifth in the world by primary energy use. Fossil fuels accounted for 88% of Japan's primary energy in 2019. Japan imports most of its energy due to scarce domestic resources. As of 2022, the country imports 97% of its oil and is the larger LNG importer globally.
The energy policy of India is to increase the locally produced energy in India and reduce energy poverty, with more focus on developing alternative sources of energy, particularly nuclear, solar and wind energy. Net energy import dependency was 40.9% in 2021-22.
The Japan Crude Cocktail (JCC) is the informal nickname given to the pricing index of Crude Oil used in most East Asian countries. The JCC is the average price of customs-cleared crude oil imports into Japan and is published by the Petroleum Association of Japan. The official name of the JCC is the Japan Customs-cleared Crude Oil Price. The valuation of the JCC closely reflects the market state of supply and demand. Clear fluctuations in JCC pricing can be linked to distinct events such as the 2007-08 Global Financial Crisis and the 2011 Fukushima Disaster.
The utility electricity sector in Bangladesh has one national grid with an installed capacity of 25,700 MW as of June 2022. Bangladesh's energy sector is not up to the mark. However, per capita energy consumption in Bangladesh is considered higher than the production. Electricity was introduced to the country on 7 December 1901
Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) and 40% of gas consumed in the EU came from Russia.
PetroBangla is a government-owned national gas company of Bangladesh. It explores, produces, transports, manages and sells oil, natural gas and other mineral resources. It also concludes production sharing agreements with other international oil companies for exploration and development of oil and gas resources in Bangladesh.
Between 2009 and 2014, gas consumption, production, and imports in China have grown dramatically, with two-digit growth. According to CNPC, the installed capacity of gas-fired power plants in the country is expected to reach around 138 million-154 million kilowatts in 2025, and further grow to 261 million-308 million kilowatts by 2030.
Energy in Singapore describes energy related issues in Singapore, which is a developed country located in Southeast Asia. Energy exports to others are about three times the primary energy supplied in the country itself. Additionally, oil imports in relation to the population demands of the country itself are concerningly high.
Energy in Portugal describes energy and electricity production, consumption and import in Portugal. Energy policy of Portugal will describe the politics of Portugal related to energy more in detail. Electricity sector in Portugal is the main article of electricity in Portugal.
Energy consumption per person in Turkey is similar to the world average, and over 85 per cent is from fossil fuels. From 1990 to 2017 annual primary energy supply tripled, but then remained constant to 2019. In 2019, Turkey's primary energy supply included around 30 per cent oil, 30 per cent coal, and 25 per cent gas. These fossil fuels contribute to Turkey's air pollution and its above average greenhouse gas emissions. Turkey mines its own lignite but imports three-quarters of its energy, including half the coal and almost all the oil and gas it requires, and its energy policy prioritises reducing imports.
Lithuania is a net energy importer. In 2019 Lithuania used around 11.4 TWh of electricity after producing just 3.6 TWh.
The Bangladesh Power Development Board (BPDB) is a government agency operating under the Ministry of Power, Energy and Mineral Resources, Government of the People's Republic of Bangladesh. It was created as a public-sector organization to boost the country's power sector after the emergence of Bangladesh as an independent state in 1972. This government organization is responsible for planning and developing the nation's power infrastructure and for operating much of its power generation facilities. The BPDB is responsible for the major portion of generation and distribution of electricity mainly in urban areas of the country.
Bangladesh suffers with heavy energy crisis with the gradual expansion of economic activities of the country. The estimations and reserves of energy resources show future potentials but a small fraction of them are being utilized which proved to be insufficient. Moreover, the impact of climate change and environment pollution has also been significantly felt. As a result, the successive governments have aimed at formulating an effective energy policy which would address these concerns. The energy policies have also received extensive criticisms especially on the questions of energy export and methods of extraction.
Bangladesh is the sixteenth-largest producer of natural gas in Asia. Gas supplies meet 56% of domestic energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production.
Fossil gas supplies over a quarter of Turkey's energy. The country consumes 50 to 60 billion cubic metres of this natural gas each year, nearly all of which is imported. A large gas field in the Black Sea however started production in 2023.
Titas Gas Field is a natural gas field located in Brahmanbaria, Bangladesh. It is the largest gas field in Bangladesh. From where, around 300 million cubic feet of gas is being extracted daily. It is a subsidiary of Bangladesh Gas Fields Company Limited (BGFCL). The geo-structure of the gas field area is dome-shaped, with an area of about 64 square kilometers.
Xinjiang Guanghui Industry Investment Group Co., Ltd. is a major automotive sales, energy, mining, and real estate company based in the city of Ürümqi in the Xinjiang Autonomous Region of China. It was founded in 1989 by Sun Guangxin as a privately owned restaurant, nightclub, and recreational sports company, but entered the real estate development business in 1993. This subsidiary, Xinjiang Guanghui Real Estate Development, became the largest private real estate owner in Ürümqi.
A. B. M. Abdul Fattah, full name Abul Bashar Mohammed Abdul Fattah, is a Bangladesh civil servant and former chairman of Petrobangla.