Download Link for Energy & Power Vol 22 Issue 16 (Feb 1, 2025) as PDF/userfiles/EP_22_16.pdf
Bangladesh is facing a growing energy crisis as domestic gas reserves continue to decline while demand rises. With no immediate infrastructure to expand LNG imports, the country is struggling to bridge the supply gap. Plans for a third FSRU and other RLNG import initiatives have been canceled or stalled, making the situation even more challenging. Since 2018, local gas production has been decreasing, with only limited discoveries—mostly in Bhola, which isn’t connected to the national grid. Currently, maintaining production at around 2,000 MMCFD is proving difficult. Recent data from Petrobangla shows that on January 27–28, 2025, the total gas supply reached 2,736.3 MMCFD, including 813.3 MMCFD from imported LNG. However, the deficit still exceeded 1,200 MMCFD. The country has just 7.6 Tcf of proven gas reserves left, having consumed 14 Tcf over the past 24 years while adding only 2 Tcf in discoveries. To address this, Petrobangla has launched a competitive bidding process for exploration. The 50-well drilling program now requires more time, pushing completion to June 2026, while a 100-well program is set to begin the same year. Experts believe that if both programs are completed by 2028, production could stabilize at 1,800–2,000 MMCFD.
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