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The northeastern Sylhet Division is the country's largest natural gas and crude oil producer, followed by Chittagong Division, Dhaka Division and Barisal Division; while dozens of offshore blocks lay in the Bay of Bengal. Natural gas from Bangladesh is renowned for being very pure with a composition of 95–99% methane and almost no sulphur. [9]
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]
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
Sundarban Gas Company Limited was established on 23 November 2009 under Petrobangla. [3] The company is responsible for gas supply in Barishal Division, Khulna Division, and the greater Faridpur region. [3] [4] In August 2013, the Sundarban Gas Company Limited provided the first natural gas connection to a home in Bhola District. [5] [6]
Currently there are 28 natural gas fields in Bangladesh. [1] The first gas field was discovered at Haripur, Sylhet in 1955 and the last gas field was discovered in the 2017 at Bhola. [2] Titas gas field is the largest natural gas field in Bangladesh. It was invented by the Pakistan Shell Oil Company in Brahmanbaria in the year 1962. The first ...
The Titas Gas Transmission and Distribution PLC (Bengali: তিতাস গ্যাস Titas Gas) is the natural gas distributor in Bangladesh, with an 80% market share. As of 2020, they employed 2,100 staff and served 2.8 million domestic customers, 12,000 commercial customers, and 5,300 industrial customers.
Natural gas accounts for about 70% of the country's commercial energy supply. According to a study conducted in 2003 by Hydrocarbon unit of the Energy and Mineral Resources Division and Norwegian Petroleum Directorate, the initial gas reserve of the 22 discovered gas fields of the country amounts to 28.4 trillion cubic feet (TCF) out of which 20.5 TCF is considered recoverable.
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