One billion dollars' worth of gas is being stolen annually in the name of system loss, prominent energy expert Ijaz Hossain claimed on 4 September.
Bangladesh can save up to $500 million every year if the system loss, which is currently 9.82%, can be halved and imports will reduce, he said at a seminar in the Conference Center of the International Business Forum of Bangladesh (IBFB).
IBFB & Energy & Power magazine jointly organized the seminar.
The Implementation Monitoring and Evaluation Division, in a report on system loss reduction of Titas Gas in 2014, defined system loss as the amount of gas that is unaccounted for.
"That is, it is the difference between total amounts of gas supplied – the total amount of gas accounted for," states the report.
System loss may be due to several factors, including inaccuracy of the metering system and equipment, meter tampering, connection without metering, illegal connections, and leakages in the pipeline of the distribution system.
While presenting the keynote paper at the event, jointly organised by IBFB, and Energy and Power, Ijaz said, "I Support LNG import, but it should be limited. There is no alternative to increasing domestic gas production and exploration activities."
