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Litro Gas is Sri Lanka's largest gas company. It controls 85% of Sri Lanka's gas market. The company is wholly owned by Sri Lanka Insurance Corporation.. Established in 1872 as Colombo Gas and Water Company, [3] it was a wholly owned subsidiary of Royal Dutch Shell until 2010, when it was purchased by the government of Sri Lanka.
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]
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 ...
LAUGFS Gas was ranked 33rd in LMD 100, an annual list of listed companies in Sri Lanka by revenue in the financial year of 2020/21. [7] Brand Finance ranked LAUGFS Gas as the 70th most valuable brand in Sri Lanka for 2022 with a brand value of LKR816 million. [8] The company controls 20% of the LPG market share in Sri Lanka. [9]
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]
Bangura Gas Field is located in Muradnagar Upazila, Comilla district, Chittagong Division. [3] It is located about 7 kilometres (4.3 mi) away from the Srikail gas field . These two fields cover an area of 140 square kilometres (54 sq mi).
It is the only offshore gas field in Bangladesh that is currently abandoned. [1] This gas field was discovered in 1996 in the Bay of Bengal 50 km away from the land near Silimpur, Chittagong. [2] Santos, an Australian multinational company was in charge of operation of the gas field. [3] Its production was closed in 2014.
The gas has been extracted since 1968, but the presence of excessive water had hampered gas production from four Habiganj wells. [3] Currently, an average of 225 million cubic feet of gas is extracted daily. [6] At present, the gas field has only 345.5 billion cubic feet of gas remaining. [7]