DHAKA: The interim government has announced plans to increase gas production by 648 million cubic feet per day by December 2025 through the installation and workover of 50 wells. In a strategic move to meet energy demands, the government has also outlined a work plan to further enhance gas production by 1,500 million cubic feet daily between January 2026 and December 2028 through the drilling and workover of an additional 100 wells.
According to Bangladesh Sangbad Sangstha, the chief adviser’s press wing released this information as part of a progress report marking three months of the current government’s tenure. The report highlighted a decline in average gas production from 2,643 million cubic feet per day in the 2018-19 fiscal year to 2,201 million cubic feet per day in the 2022-23 fiscal year, pointing to an urgent need for increased production.
In a related development, Patrobangla has terminated the Terminal Use Agreement and Implementation Agreement with Summit LNG Terminal II Co. Ltd, which was res
ponsible for constructing the third Floating Storage Regasification Unit in Moheskhali, Cox’s Bazar. This decision aligns with efforts to restructure the governing bodies of companies under the Power and Mineral Resources sector, aiming to enhance transparency and accountability.
Additionally, the Bangladesh Energy Regulatory Commission Act 2003 has been amended to grant the Commission the authority to adjust gas prices. In an effort to make fuel more affordable, the government has reduced octane and petrol prices by Taka 6 and diesel and kerosene prices by Taka 1.25. Furthermore, outstanding dues for fuel imports have been significantly cut from US$ 478 million to US$ 160 million, as outlined in the report.