Sylhet’s Zakiganj upazila has been officially announced as the country’s 28th gas field having a gas reserve of 68 billion cubic feet.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid made the formal announcement on Monday.
The came during a webinar, organized by Energy and Mineral Resources Division to observe August 9 as National Energy Security Day marking the historic decision of Father of the Nation Bangabandhu Sheikh Mujibur Rahman to take over 5 gas fields in Sylhet region from multinational Shell Oil Company in 1975.
The state-owned Bangladesh Petroleum Exploration and Production Company (Bapex) made the discovery in June last, but refrained from making any formal announcement as it was assessing the prospects of viable recovery in recovering gas from the drilled well at Ananadapur village in Zakiganj upazila, Sylhet.
The state minister said the new gas field has a possible reserve of 68 billion cubic feet of gas to be extractable in next 12-13 years at 10 million cubic feet per day (MMCFD).
“The value of the entire reserve at the new gas field would be Tk 1,276 crore,” he added, saying that a 3D survey will be conducted to find the accurate position of the fossil fuel in the virgin field.
So far, 27 gas fields have been discovered in the country. The proven reserves in these gas fields are 21.4 TCF, with six more TCF potential reserves. Of this, about 18 TCF has been taken. There are only three TCFs left as proven stocks, and potential reserves are likely to be seven more TSFs.
Nasrul Hamid said the government has taken an initiative to replace the old gas pipelines in Dhaka city with new ones to check the gas leakages as part of its move to bring the entire gas distribution system under an automation through digitization.
The Energy and Mineral Resources Division Senior Secretary Anisur Rahman, who was present at the webinar said the government has been importing gas from two companies under long-term contracts and also from other companies on the international spot market to meet the domestic demand.
“This import needs Tk 6312 crore as subsidy to keep the price low in line with the local gas price as the import cost is $8-9 per unit against the price of local gas at $2.5-3 per unit,” he said.