State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Thursday announced a new structure of 239 billion cubic feet (BCF) of natural gas from the exploration well No-Togbi-1 under Bhola gas field, reports UNB.
“But this will take one-and-a-half to two years to start producing gas from the well and supply it to the national gas network. We need to build some necessary infrastructures including a processing plant to get this gas available for consumption.”
Nasrul told reporters while sharing the “good news” at a press briefing at his ministry conference room at Bangladesh Secretariat.
He said, “This is good news of relief amid ongoing gas crisis… this well can produce 20 million cubic feet per day (MMCFD) over 30-31 years.”
The entire gas will have the value of Tk 8,000 crore considering the average retail price of the local gas.
Currently, the country’s daily gas production is 2,300 MMCFD from different gas fields against a demand of 3,400 MMCFD.
Alongside the local gas production, some 400 MMCFD gas is being imported under long-term contract, added the state minister.
Bd-pratidin English/Golam Rosul
