Bangladesh’s 28th Gas Field Found In Zakiganj

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Nasrul Hamid, the State Minister for Power, Energy and Mineral Resources, officially announced Zakiganj as Zakiganj's 28th natural gas field with 68 billion cubic feet of reserves.

The discovery was made by the state-owned Bangladesh Petroleum Exploration and Production Company, (Bapex), in June. However, it withheld any formal announcement because it was evaluating the possibility of gas recovery from the well at Ananadapur village, Zakiganj upazila in Sylhet.

An official announcement about the discovery of new gas was made at a webinar organized by Energy and Mineral Resources Division. This webinar was held to commemorate August 9, National Energy Security Day, which marks the historic decision of Father of the Nation Bangabandhu Shiikh Mujibur Rahman in 1975 to take control of 5 gas fields in Sylhet from multinational Shell Oil Company.

According to UNB, the state minister stated that there is a potential reserve of 68 Billion cubic feet of gas in the new gas field. This gas field can be extracted at 10 MCFFD (MMCFD) within 12-13 years.

"The entire reserve at the new natural gas field would have a value of Tk 1,276 crore," said he, adding that a 3D survey would be done to determine the exact position of the fossil fuel in this virgin field.

There have been 27 new gas fields discovered so far in the country. These gas fields have proven reserves of 21.4 TCF and six additional TCF potential reserves. About 18 TCF have been taken. Only three TCFs remain as proven stocks. Potential reserves include seven additional TSFs.

The webinar was presided over by Anisur Rahman (senior secretary, Energy and Mineral Resources Division), Waseqa Ayesha Kan (members of the same committee Khaleda Khanon and Nargis Racman), eminent energy expert and Buet Professor Dr M Tamim; Petrobangla chairman ABM Abdul Faatah; Bangladesh Petroleum Corporation (BPC), ABM Azad; Hydrocarbon Unit director general MonjurulQader; Forum for Energy Reporters Bangladesh(FERB) chairman Arun Karamaker and Energy and Mollah Amzad hostain, Energy and Power magazine editor Mollah

Nasrul Hamid stated that the government took the initiative to replace the Dhaka gas pipelines with newer ones in order to prevent gas leakages. This is part of the government's plan to automate the entire gas distribution system through digitasation.

Anusur Rahman stated that the government has been buying gas from two companies with long-term contracts, and from other companies on international spot markets to meet domestic demand.

He stated that the subsidy needed to keep the price down for this import is Tk 6312 crore. The import cost is $8-9 per unit, while the local gas price is $2.5-3 per per unit.

M Tamim stated that the government should focus on setting up LNG terminals on land and also importing electricity from regional sources in order to meet growing demand.

He stated that gas would be used as a transitional fuel for the next 20 years, before renewable energy will become the future energy.

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