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LNG Prices

It will be interesting to see how the LNG markets have increased in price in the US when their markets open

PM prioritises migrant safety, energy security

Prime Minister Tarique Rahman has instructed officials of ministries and departments concerned to remain alert and closely monitor developments in the Middle East.

He said that protecting migrant workers, ensuring energy security, and maintaining economic stability will be the government’s immediate priorities as the situation unfolds.

https://www.thedailystar.net/news/bangladesh/news/pm-prioritises-migrant-safety-energy-security-4118371

As has been said earlier this weekend, this is certainly going to make them focus very quickly on all own resources, and obviously coal could be the fastest to show results…..

Hormuz shock puts Bangladesh's energy security at risk

Highlights

Tehran reportedly closes Strait of Hormuz

Hormuz is crucial for global oil and LNG trade

It handles 20% of oil and 20% of LNG shipments

Bangladesh's 18 of 22 LNG cargoes for March-May scheduled via Hormuz

Prolonged closure may force Bangladesh to buy costly spot market LNG

Fertiliser imports unaffected as no active Middle East procurement pending

Current fertiliser stock sufficient until November

https://www.tbsnews.net/bangladesh/energy/hormuz-shock-puts-bangladeshs-energy-security-risk-1374621?amp

Well if these issues don’t focus the country on using their own resources, nothing will!!

Escalating hostilities involving Iran, the United States and Israel have triggered fresh concerns over Bangladesh's energy security, with economists and business leaders warning of potential fuel supply disruptions and sharp spikes in global energy prices.

https://www.tbsnews.net/bangladesh/oil-surge-feared-bangladesh-faces-supply-risks-gulf-1373661?amp

Massive corruption allegations against some Interm Govt advisers

https://dailycountrytodaybd.com/story/massive-corruption-allegations-against-some-interm-govt-advisers

What a sad sad read ..

There’s loads of accusations towards Yunus, (not surprised) and against the energy advisor, even the student leader 🙄

I hope the BNP follow up on all these and lock them all up if found guilty!

Doubtful I know…. Just seems to be the way …..

Sick of reading how those at the top, are just there to line their own pockets, and don’t really give a dam about the country, or the people, it’s no wonder they’re in the mess they are!

The sooner Phulbari gets the green light and I never have to read another Bangladesh paper the better!!!!

A complaint has been filed with the ACC against former Energy Adviser Muhammad Fawzul Kabir Khan alleging that he extorted a large sum of money from Summit Group. There are also allegations of illegal transactions with various private power companies.

Health Adviser Nurjahan Begum has been accused of tender fraud, irregularities in hospital procurement, and corruption.

Posted on ADVFN by digit

Shafiqul Alam

If the Iran war drags on, global LNG prices will skyrocket. To meet our domestic energy demand, we will be forced to import LNG at prices several times higher than pre-war levels. That would place enormous pressure on our economy. The foreign exchange reserves that the Interim Government has painstakingly rebuilt could decline sharply, and our exchange market would once again come under severe strain.

We have been here before. After the outbreak of the Ukraine and Gaza wars, our reserves fell from $48 billion to less than $20 billion within just two years. You know the rest of the story.

I have said it before, and I will say it again: failing to extract coal from Fulbari in mid 2000s was a grave mistake. By scrapping the plan to mine coal in Dinajpur two decades ago, we compromised our long-term energy security. Over the past 20 years, we have gradually surrendered control of our energy future to forces beyond our control. Today, we are at the mercy of a global order that has little regard for countries without energy security.

A bitter truth. Hope the war ends in less than a week!!

#DhakaDiary

https://www.facebook.com/share/p/1Eh6srQFXL/?mibextid=wwXIfr

A USD 4.1 Billion Hole: Who Will Fill the Gap Left by Yunus?

What the Yunus administration has left behind in Bangladesh’s power sector can scarcely be described as anything less than a serious failure.

According to figures from the Bangladesh Power Development Board, outstanding dues to domestic and foreign companies now stand at around USD 4.1 billion. Oil-based power plants have reportedly gone unpaid for seven to eight months — meaning no bills have been cleared since July 2025.

How much of the damage can now be mitigated remains to be seen. But critics argue that the condition in which the power sector was left suggests it was never treated as a priority.

https://www.bdvortex.com/1063/?fbclid=IwdGRleAQNbmZleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeprg3fTSHbqBNH6kdueIc1kdSfhOU4IiFunmL57Mb5KyTZUPSHT5PBOLZqgA_aem_I2-TvACj99zwnW9Wd4eQCA

'Lights are on, but burden is heavy,' says power minister on sector debts

https://www.tbsnews.net/bangladesh/energy/lights-are-burden-heavy-says-power-minister-sector-debts-1372106

Really interesting reference ......

Here is their company profile ... Makes good reading ....

https://en-sepco3.powerchina.cn/AboutUs/CompanyProfile/index.html

Wow, i thought you said you were going to take a break Jamess ..... That has to be the shortest ever....

Oh and then look who else turns up.. your little buddy YKIR hahahahaha

I am guessing that you don't want anyone posting anything that might spoil your trading position ??

Anyway, we will soon find out either way....

Right, must get back out and enjoy the sun :)

Bangladesh seeks more Chinese investments, security cooperation

Home Minister Salahuddin Ahmed on Wednesday called on Chinese investors to increase their presence in Bangladesh, highlighting the role of security and stability in attracting foreign capital.

The request came during a meeting with China’s Ambassador to Bangladesh Yao Wen at the Ministry of Home Affairs.

Minister Salahuddin described China as a major development partner and urged expansion of existing investments, citing Bangladesh’s strategic location and long-standing bilateral ties.

https://unb.com.bd/category/Bangladesh/bangladesh-seeks-more-chinese-investments-security-cooperation/180295

I have just had a quick listen, and picked up these main points, but as I said previously its well worth a listen….

Energy and Power Sector Priorities in the Govt’s 180-Day Action Plan.

Open Pit Mining –

Dr. Mushhfig, -

• A decision of using own coal, by open pit method, should be decided within the 100 day program

• You either decide to do it or not.

• Last year import cost $20 billion, this year will exceed $24 billion

• Last year 17 million tons of coal was imported that will increase

• Before Hasina said no to open pit mining, the BNP were in favour of Phulbari.

• This discussion has been going on for 20 / 25 years.

• The decision on open pit coal Phulbari and gas should be decided within 180 day action plan

• Don’t make it into a political football, BNP can do it, and many people would be behind them

https://www.youtube.com/watch?v=eP21mOWxRzg&t=2348s

Interesting link from digit on ADVFN …. Well worth a listen ….

digit -

interesting little video just released from e&p featuring Dr Mushfiqur Rahman pro coal energy and environmental specialist,he also did the geology on the Barapukuria open pit proposals years ago…..the full video is interesting and from 27mins Dr Rahman questions the feasibility study request by the new government for Bara……he said the stats are there that say Bara south is a waste of time it’s only the north where open pit could be used….so his take is Bara feasibility study is the mine as it stand,he then basically goes on to say they need to move their focus to phulbari and just gives some technicals and history of why it wasn’t mined.

The other professor also says the new government is powerful enough to push open pit mining through and avoid infighting and squabbling which has prevented implementation in the past…

Have a listen,27mins in or the full vid is interesting👍

https://www.youtube.com/watch?v=eP21mOWxRzg&t=2348s

Very quiet here today…

BD minister warns of deep crisis in power sector over Tk45,000 crore arrears

Current electricity demand stands at around 13,000 megawatts (MW), while the Power Division projects that peak demand could reach 18,000 MW later this year.

Minister for Power and Energy Iqbal Hasan Mahmud Tuku said the government would need to keep gas-, coal- and oil-based power plants running to meet the rising demand.

However, he described the overall financial condition of the sector as critical.

“There is a plan, but the biggest problem is that the power sector has been made totally financially bankrupt. There are huge arrears and outstanding payments. We lack sufficient fuel and will need to import more. The situation is very complicated and must be resolved through active management,” he said, referring to the approach as akin to “disaster management.”

Energy experts cautioned that any significant increase in fuel imports could put additional pressure on the country’s foreign exchange reserves.

https://www.theenergytribune.com/energy-power/2026/02/23/252727

How refreshing to hear this from Tarique….. if it were Yunus, he’d have been on the next available flight 😂😂

Kabir told the media that Dhaka would give the invitation "great importance" but did not discuss specific details regarding the trip. He noted that the Prime Minister had many important domestic tasks to attend to before planning any foreign visits.

https://en.somoynews.tv/news/2026-02-23/zQSO30Qs

There were another 2 x 1.254 million trades again at about 3 o'clock ,... I am guessing that they were delayed

Don’t think that I have seen it before Pappi, but the message it gives, certainly can’t be clearer…

Mine your own Phulbari coal, and don’t be dictated to by India!!!

More Games?

If you take those two 100k orders out of the equation, on the understanding that they may just be MM’s swapping stock around, are rollovers, or just cancel each other out, then we’ve had 330k of stock traded, that’s about £28,000 ….

Hardly a massive sell off …. Is it just MM’s playing, deliberately taking the price down slightly, just to try and create some trading, and to clear the rest of the placing stock 🤷‍♂️

Especially makes it even more questionable knowing that both MM’s PEEL & WINS are in control of the price again! 🤔

However, the electricity, gas and water supply sub-sector recorded a deceleration of 10.7 per cent during the quarter, reflecting continued stress in energy supply and utility services.

However, he cautions that sustained industrial growth will depend on addressing structural constraints, particularly in the energy sector.

"The contraction in electricity, gas and water supply is a concern. Without reliable energy supply and improvements in logistics and financial sector stability, maintaining this momentum could be challenging," Dr Reaz adds.

No external pressure can affect China-Bangladesh ties: Yao Wen

He said both sides discussed the implementation of long-term projects, including those related to the Teesta River.

https://en.somoynews.tv/news/2026-02-22/8D67NNNY