The government will explore additional fossil fuel in the depleting gas fields to reduce dependency on costly imported Liquefied Natural Gas (LNG).
The Prime Minister’s Office (PMO) has already instructed the Ministry of Power, Energy and Mineral Resources to invite Expression of Interest (EoI) for identifying the depleted gas fields and adopt new technology to increase gas production from those gas fields.The direction came at a meeting at the PMO with PM’s power and energy adviser Dr Tawfiq-e-Elahi Chowdhury in the meeting.
According to Petrobangla, gas reserve in four gas fields, including Sundalpur, Salda, Samutang and Rupganj have fully or partially depleted. Gas production from Samutang and Sundalpur gas fields have been shut down, officials said.
Outputs from some other state-owned gas fields in depleting quickly, officials said.
State-run Petrobangla will require Tk 3,360 crore in the current fiscal year to minimize the loss caused by the import of 500mmcfd LNG since August 2018.
Petrobangla will require another 24,540.24 crore for importing 1000mmcfd of LNG, officials also said.
It also sought to increase gas tariff by Tk 0.5562 per cubic meter to cope with the costly import of LNG.Government policymakers are now focusing on new discovery of gas to reduce subsidy in the energy sector.