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Petroleum oil, gas reserve discovered in Sylhet Gas Field

Petroleum oil has been found in well no 10 of Sylhet Gas Field, State Minister for Power, Energy and Mineral Resources Nasrul Hamid announced today while briefing reporters at his office in the ministry. He, however, said the accurate reserve of oil can be learnt 3-4 months later when necessary calculations are complete. “Our officials have identified the reserve of petroleum oil at a depth of 1,400 metres in the underground. We hope, we can produce 500-600 barrels of oil…
Nurul Amin Janendra Nath Sarkar Nasrul Hamid Sylhet Gas Fields Mineral Resources Division Sinopec International Petroleum Service Corporation

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We are not taking our energy crisis seriously

Energy crisis in Bangladesh: The question is, why does this have to happen in a country like Bangladesh, a delta which is supposed to be very gas-prone for its inherent geological nature? The answer to that is simple. Since the gas reserve depletion trend in Bangladesh came to notice, there has never been a serious exploration initiative to replenish the depleted reserves. For
Bangladesh General Badrul Imam Exxon Mobil Chevron Corporation Gas Development Fund Bangladesh Gas Fields Company Ltd

How do LNG subsidies affect public spending?

Bangladeshโ€™s financial stability may be negatively impacted by the rising trend in LNG prices in the international market, which would ultimately shift the cost burden to social sectors that are more vulnerable if subsidies continue to grow. We need to immediately adopt subsidy reform to streamline spending for the energy sector.
Ras Laffan Al Khawr Gas Development Fund Oman Trading International Mineral Resources Division Centre For Policy Dialogue

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