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Gas Malaysia Berhad was established on 16 May 1992 to sell, market and distribute natural gas as well as to develop, operate and maintain the Natural Gas Distribution System (“NGDS”) network within Peninsular Malaysia. In December 2000, Gas Malaysia expanded its business to include the reticulated liquefied petroleum gas. [citation needed]
The Bakhrabad Gas Distribution company's calls for raising the price of gas in 2016 was denied by Bangladesh Energy Regulatory Commission. [6] According to a news report of the Dhaka Tribune , CNG stations in Comilla District were illegally selling 1.2 billion taka of gas with the help of corrupt staffs in the company. [ 7 ]
Gas Transmission Company Limited was established on 14 December 1993 under the Companies Act of 1993, as a public limited company with an authorized capital of Tk.100 billion of 100,00,000.00 shares of Tk.1000 each.
Bangladesh Oil, Gas and Mineral Corporation; Bangladesh Petroleum Exploration and Production Company Limited; Bangladesh Gas Fields Company Limited; Sylhet Gas Fields Limited; Gas Transmission Company Limited (GTCL) Titas Gas Transmission and Distribution Company; Bakhrabad Gas Distribution Company Limited
The commission was created in 2003 and is responsible for the setting of gas, petroleum oil and electricity prices in Bangladesh. As the regulator, it also arbitrates disputes in the energy industry. [2] Its approval is needed for any changes in the price of electricity, gas and petroleum oil. [3] The Energy Security Fund is under this agency. [4]
On 7 August 1975, the Government of Bangladesh bought the gas fields owned by Shell Oil Company. On 12 September 1975, the BGFCL was established to take over the operations of the gas fields. [ 5 ] It currently produces 725 million standard cubic feet of gas daily in Bangladesh. [ 6 ]
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As of 2015, the natural gas reserves of Bangladesh is 14.16 trillion cubic feet. [15] The country has an average daily natural gas production of around 2,700 million cubic feet. [16] As of 2024, Bangladesh currently has 29 gas fields, with 20 of them in production. Petrobangla estimates that the proven reserves are at 28.79 trillion cubic feet ...