Bangladesh is the 19th largest natural gas producer in Asia. (1] Domestic gas supplies meet 56% of domestic energy demand.[2] However, the county faces an acute energy crisis in meeting the demands of its vast and growing pullulation. Bangladesh is a net importer of crude oil and petroleum products.[3] the energy sector is dominated by state owned companies, including Petrobangla and the Bangladesh Petroleum Corporation., Chevron, ConocoPhillips, Equnor, Gazprom and ONGC are the major international companies engaged in Bangladesh’s hydrocarbon industry, with Chevron’s gas fields accounting for 50% of natural gas production.
Geologists believe the country’s maritime exclusive economic zone holds one of the largest oil reserves in the Asia-Pacific. Protectionism and a lack of technical capacity have impeded Bangladesh’s potential to emerge as major global hydrocarbon producer. Two LNG Terminal and a gas pipeline is going to be created to ease the Bangladesh gas shortage.
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