Gas Supply Issues Worsen for Titas Gas

amuna Oil Company reported a 56% year-on-year profit increase to Tk 140.58 crore in Q3 of FY2024-25, driven by higher petroleum sales and increased interest income from deposits. Earnings per share (EPS) for January–March 2025 rose to Tk 12.73 from Tk 8.14 in the same quarter last year, while EPS for July 2024–March 2025 reached Tk 36.65, up from Tk 26.60.

Experts at a recent seminar emphasized Bangladesh’s urgent need for a long-term financing roadmap to expand renewable energy and achieve net-zero carbon emissions by 2050. They highlighted the necessity for monetary policies that encourage commercial lenders to invest in renewables.

Qatar has agreed to renew a previously expired MoU with Bangladesh for liquefied natural gas (LNG) supply and advance discussions on a land-based LNG terminal in Cox’s Bazar. Under the existing SPA signed in 2017, Bangladesh imports 1.5–2.5 million tonnes per annum (MTPA) of LNG for 15 years, with a second SPA signed in June 2023 for an additional 1.5 MTPA starting in January 2026.

Between August 2024 and mid-April 2025, outstanding dues in Bangladesh’s gas sector dropped by 68%, from $750 million to $240 million, due to an aggressive repayment push by the interim government. Over $500 million was cleared in just six weeks, with $180 million disbursed between April 7–16 alone.

n just seven months, Bangladesh’s interim government has slashed foreign dues in the power and energy sector by 75%, from $3.2 billion to $800 million, addressing nearly three years of unpaid bills. A major beneficiary is US-based Chevron, which supplies over 50% of the country’s domestic gas (1,108.6 MMCFD out of 1,873.5 MMCFD).

Bangladesh reduced its overdue payments to private furnace oil-fired power plants by 30%, from Tk 100 billion in January to around Tk 70 billion by April 2025. This was driven by decreased electricity purchases from high sulphur fuel oil (HSFO)-based plants—now only 20% of total generation, down from 50%—and accelerated payments by the Bangladesh Power Development Board (BPDB).