A recent study by Gazprom and Bapex has identified a potential gas resource in Bhola, Bangladesh, estimated to be up to 5.109 trillion cubic feet (tcf). This includes a recoverable 2.423 tcf from Shahbazpur to Elisha and an additional 2.686 tcf from Char Fasson. The report indicates varying probabilities of discovery: a 10% chance of finding 5.109 tcf, a 50% chance of 3.391 tcf, and a 90% chance of at least 1.809 tcf. Valued at approximately Tk6.5 lakh crore based on the current LNG spot price, this resource could significantly address Bangladesh’s gas shortages, reduce inflation, and lower costs. Current production in Bhola stands at 80 million cubic feet per day (mmcfd), with potential to increase to 920 mmcfd with new wells. Plans include connecting Bhola’s gas to the national grid and reducing LNG imports. Experts urge expedited drilling and infrastructure development, suggesting joint exploration with foreign firms to boost domestic production.
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