Bangladesh Oil And Gas Profile
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Introduction

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History

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Regulation

  • Energy and Mineral Resources Division is entrusted to formulate all policies related to natural gas, liquid petroleum and mineral resources. EMRD is also entrusted to formulate policies and administrative control over Geological Survey of Bangladesh, Petrobangla, Bureau of Mineral Development and Department of Explosives. EMRD also supervises and monitors over Hydrocarbon Unit and Bangladesh Petroleum Institute.

Upstream

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Natural Gas

  • In Bangladesh, natural gas is most important indigenous source of energy that accounts for 75% of the commercial energy of the country. So far in Bangladesh 23 gas fields have been discovered with the rate of success ratio is 3.1:1 of which two of the gas fields are located in offshore area. Gas is produced from 17 gas fields (79 gas wells).Oil was tested in two of the gas fields (Sylhet and Kailashtila). To reduce the dependency on natural gas, alternative energy resource must be explored.
  • Chevron operates the Bibiyana Gas Field, Jalalabad Gas and Condensate Field and the Moulavi Bazar Gas Field
  • Average daily gas production capacity is about 2000 mmcfd of which International Oil Companies (IOC) produce 1040 mmcfd and State Owned Companies (SOC) produce 960 mmcfd. The gas production recorded on 24 February, 2010 was 1996.7 MMCFD. At present the daily approximate projected gas demand throughout the country is 2500 MMCFD. The demand is increasing day by day. Energy and Mineral Resources Division (EMRD) has already undertaken an array of short, medium, fast track and long term plans to increase gas production to overcome prevailing gas shortage. According to this plan 188 mmcfd, 290 mmcfd, 995 mmcfd (including 500 mmcfd LNG), 500 mmcfd and 380 mmcfd gas will be added to the national gas grid by the year 2010, 2011, 2012, 2013 and 2015 respectively. After completion of these plans production capacity is expected to increase to about 2353 mmcfd gas by December 2015. To increase the gas production more programs will be taken in near future

Active Companies

  • Bangladesh Petroleum Exploration and Production Company Ltd
  • Chevron is one of the largest foreign investors in Bangladesh, supplying nearly 50 percent of the country's natural gas consumption.

Crude Oils

  • Bangladesh produces almost exclusively natural gas

Midstream

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LNG

  • To reduce the dependency on imported oil as well as indigenous gas, import of LNG is under active consideration. Under mid term plan, LNG will be imported to supply at the rate of 500 mmcfd by 2012.
  • The site for building necessary infrastructure for LNG has been located.
  • Bangladesh has to set up necessary infrastructure such as LNG Receiving Station, LNG Storage Tank, Re-gasification process and 90 km long pipeline from Maheshkhali to Anwara in its own effort.
  • A MoU (Memorandum of Understanding) has been signed between Bangladesh and Qatar for four million tonnes per year of LNG
  • See Maheshkhali Lng Terminal for details

Downstream

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