The government of Bangladesh is continuing talks with different countries to import natural gas from different sources for ensuring energy security in the country, according to State Minister for Power, Energy and Mineral Resources Nasrul Hamid.
“We are holding bilateral and trilateral meetings to bring natural gas within this year and the next year under a short-term agreement,” he said on Monday, reports BSS.
Nasrul said, “At present Bangladesh is getting LNG from Qatar and Oman under a long-term agreement, which will be valid till 2025.”
He said that the government will import gas or fuel from different sources, which depends on price negotiation, adding, “If we get a specific offer with a lower price then we will import gas or fuel.”
Talking about offshore gas exploration, the state minister said the government is trying to review the PSC (Production Share Contract) agreement and go for bidding by December this year.
“We gave contracts to two International Oil Companies (IOCs) twice, but they have backed out due to lack of feasibility,” he said.
Nasrul, however, said that deep sea exploration works need around 10 years. “But we will go for exploration work through biding,” he said.
“Price of natural gas has been increased recent years so we need to explore in the deep sea side by side onshore exploration activities will also be strengthened,” the state minister said.