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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 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.
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 ...
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]
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.
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.
It was discovered in 1962, and commercially started gas production from April 1968. [5] On 20 November 1964, the gas field was established as Titus Gas Transmission and Distribution Company Limited. [6] Located in Brahmanbaria, this gas field was discovered by Pakistan Shell Oil Company. [4]