Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
Bangladesh to exhaust gas reserves?
by Staff Writers
Dhaka, Bangladesh (UPI) Jun 25, 2013


Bangladesh risks running out of existing recoverable gas reserves within the next decade if no new gas fields are discovered, experts warn.

"Bangladesh urgently requires the necessary exploration and drilling to increase overall natural gas output," local energy expert Nurul Islam told Platts Monday.

Data from state-owned Bangladesh Oil, Gas & Mineral Corp., known as Petrobangla, shows the country's natural gas output is about 2.28 billion cubic feet a day against a demand of 2.7- to 3 Bcf per day.

Amid annual estimated demand growth of 10 percent, the country's entire recoverable gas reserves of 16.36 trillion cubic feet are on course to dry up by 2022, Platts reported.

But if the natural gas consumption rate should exceed that 10 percent growth estimate, Bangladesh's reserves won't last more than a decade, a senior Petrobangla official said.

Of Bangladesh's 20 producing gas fields, 15 are state-owned and the remaining operated by international oil companies.

Chevron now contributes more than half of Bangladesh's total gas production.

An editorial in Dhaka's Financial Express earlier this month noted the country's policymakers and "so-called hydrocarbon experts" had portrayed a rosy picture that "Bangladesh was, as if, floating on gas."

Instead, the editorial stated, the current "availability of gas is far short of the domestic demand for it."

It said the scarcity of gas has created "multifarious" economic problems, with new industries not being able to start operation and existing ones operating at less than capacity.

In 2011, Petrobangla had forecast by this month it would be able to nearly double Bangladesh's gas supplies and by December 2015 gas supplies would be further boosted, to exceed the country's demand.

But Petrobangla last week revised downward the country's natural gas output projection.

Bangladesh's natural gas output increased only by 110 million cubic feet per day to 2.26 billion cubic feet per day until June 2013 from 2.15 Bcf per day in June 2012, Petrobangla data indicated.

"We could not increase natural gas supply from the state-owned gas fields in line with our initial target, resulting in less than expected natural gas output," a Petrobangla official said.

He cited setbacks, including Chevron's delay until 2014 of its plan to increase gas supplies from a previous target of 2013 and Russia's Gazprom not able to meet its December 2013 target to complete a 10-well drilling program, the Financial Express reports. The country's ambition to import liquified natural gas by December 2013 also has stalled because a bidder had not been selected to build a floating LNG terminal.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Obama: Keystone pipeline must not add to global warming
Washington (AFP) June 25, 2013
President Barack Obama signaled Tuesday that the Canada-US Keystone XL oil pipeline will be approved only if it does not increase emissions of the greenhouse gases that contribute to global warming. "I do want to be clear, allowing the Keystone Pipeline to be built requires a finding that doing so would be in our nation's interest," Obama said in a speech laying out a new strategy to fight c ... read more


ENERGY TECH
Metamorphosis of Moon's Water Ice Explained

Scientists use gravity, topographic data to find unmapped moon craters

Australian team maps Moon's hidden craters

LADEE Arrives at Wallops for Moon Mission

ENERGY TECH
Mars Rover Opportunity Trekking Toward More Layers

Mars had oxygen-rich atmosphere 4,000 million years ago

Billion-Pixel View of Mars Comes From Curiosity Rover

Study: Mars may have had ancient oxygen-rich atmosphere

ENERGY TECH
PayPal launches quest for intergalactic currency

NASA Bill Would 'End Reliance on Russia,' Nix Asteroid Capture Project

Britain shut down UFO desk after finding no threat: files

New Zealand emerges as guinea pig for global tech firms

ENERGY TECH
China calls for international cooperation in manned space program

Shenzhou 10 Returns Safely To Earth

Home of space dreams

China's Shenzhou-10 spacecraft returns to Earth

ENERGY TECH
Russian cosmonauts conduct space station tasks in spacewalk

Accelerating ISS Science With Upgraded Payload Operations Integration Center

Strange Flames on the ISS

Europe's space truck docks with ISS

ENERGY TECH
SpaceX Will Launch Turkmenistan Satellite For Thales Alenia Space

New Mexico Space Grant Consortium student experiments blast into space from Spaceport America

Arianespace Soyuz Puts Four O3b Networks' Birds Into Orbit

Four O3b Network birds integrated to Arianespace Soyuz launcher

ENERGY TECH
Gas-giant exoplanets seen clinging close to their parent stars

First Transiting Planets in a Star Cluster Discovered

Astronomers find three 'super-Earths' in nearby star's habitable zone

Retirement for planet-hunting space probe

ENERGY TECH
Laser guided codes advance single pixel terahertz imaging

New laser shows what substances are made of; could be new eyes for military

Google making videogame console and smart watch: report

Ames Laboratory scientists solve riddle of strangely behaving magnetic material




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement