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In March 2019, Sundarban Gas Distribution Company along with three other state owned distribution companies sought permission from Bangladesh Energy Regulatory Commission to increase the price of the gas they supplied. [10] There was a hearing on the proposed hike and Gano Forum threatened street protests unless the price hike was cancelled. [11]
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]
As of 2015, the natural gas reserves of Bangladesh is 14.16 trillion cubic feet. [14] The country has an average daily natural gas production of around 2,700 million cubic feet. [15] 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 ...
The companies sought to more than double the gas prices. [13] On 1 May 2022, Pashchimanchal Gas Company Limited stopped natural gas supply in Rajshahi Division for two weeks. [14] Last month gas supplies were shut down during Eid in Bogra due to repair work by Gas Transmission Company Limited. [15] [16]
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 ...
Bhola North-1 gas field is located at Bheduria in Bhola district, Barisal Division. [3] It is located 32 km away from Shahbazpur gas field . [ 1 ] It is estimated to have 600 billion cubic feet (bcf) of gas reserved in this field.
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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]