Bangladesh now has 48 gas blocks after the successful resolution of maritime boundary disputes with India and Myanmar. Some 22 of these are in offshore. Three IOCs are now working in four offshore blocks. There are 26 blocks in the onshore. The review of gas and power system master plan over the past decade evidences that entire system is now getting into imported fuel dependency. This is applicable especially in the case of primary fuel. But appreciable progress could not be made in setting up required infrastructure in deepwater for the fuel import. The experience of importing LNG through setting up Floating Storage & Regasification Unit in the turbulent offshore is also not encouraging. Experts observe that setting up enabling infrastructure on war-footing for fuel import would be major challenge for the government. The new government must go for inviting PSC bidding round immediately after assumption of state power and try to conclude PSC within 6 months of assuming office. If this can be done, the contracted IOCs would be able to start works by the end of 2019. This will relieve stress from LNG import requirements and the price of gas would remain affordable.