Summit Group Acquires Sanctuary
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Gas supply resume in Chattogram: Most domestic consumers yet to get gas due to low pressure in the pipeline; authorities say problem will be fixed soon
Bangladesh's Summit Group set to supply 1.5 million tons of LNG per year to Petrobangla for 15 years, starting from Oct 2026
At present, the supply of liquefied natural gas has reduced to less than 700 million cubic feet a day (mmcfd) compared to the normal supply of around 1,100 mmcfd.
In November 2023, approval from the government was granted for Denmark's investment plan of $1.3 billion, aimed at establishing Bangladesh's inaugural offshore 500MW wind energy initiative. This milestone allows the project to progress to a thorough feasibility study, representing a substantial advancement in Bangladesh's shift towards sustainable energy. The green light