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- How much oil does Bangladesh import per year?
- Bangladesh imports approximately 6.6 million metric tonnes of crude and refined petroleum products per year. The annual average growth in energy consumption is approximately 6 percent.
- How much natural gas is produced in Bangladesh?
- It is around 60% of the total output from local gas fields. It is estimated that round 1 trillion cubic feet (tfc) of natural gas reserves may be found in this gas field. The downstream sector in Bangladesh remains relatively under-developed. Petrobangla is the principal energy company in Bangladesh.
- How many gas fields were discovered in Bangladesh in the 1960s?
- The Shell Oil Company and Pakistan Petroleum discovered seven major gas fields in the 1960s. After the Bangladesh Liberation War, the first government of Bangladesh led by Sheikh Mujibur Rahman, with Dr. Kamal Hossain as Minister of Energy, enacted the Bangladesh Petroleum Act in 1974.
- Can Bangladesh emerge as a major global hydrocarbon producer?
- Protectionism and a lack of technical capacity have impeded Bangladesh's potential to emerge as a major global hydrocarbon producer. Two LNG Terminal and a gas pipeline will be created to ease the gas shortage issues in Bangladesh.
- How many gas fields are there in Bangladesh?
- 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 (TCF). Out of which 20.33 TCF has been extracted until June 2023, leaving the reserve at 8.46 TCF. The Bibiyana gas field in Habiganj District is the country's largest gas field.
- Why is Bangladesh importing gas from Qatar?
- The gas distribution network is dominated by the Titas Gas company, as well as regional companies in North Bengal and Sylhet. Due to the energy crisis in recent years, Bangladesh has planned to import gas from Qatar to meet demands in the short-term.
