The oil and gas exploration and procurement of the country has become bedridden. Petrobangla is virtually inactive, the responsibility of the state corporation to handle and manage it. BAPEX's specialized organization for search and lifting is limited to one side, on the other hand, on the other hand, the role of the organization is now questioned due to the three-dimensional earthquake survey done by several existing gas fields.
There are some initiatives for the development of energy sector at the policy-making level of the government. However, the implementation of these initiatives has become increasingly durable in the conflict between the top officials of the Ministry of Power, Energy and Mineral Resources and its affiliates, the lack of rights of the country, the inefficiency of the bureaucracy, dissatisfaction and despair. On the other hand, the gas crisis of all types of consumers is increasing. In the absence of gas, industrial production and commercial activities are being interrupted, essential kitchens are being interrupted for daily living.
For seven to eight years the country's energy exploration and procurement has been stuck. The government has not seen any major success in this sector yet. During this time, gas extraction in the country has increased only from the fields operated by foreign companies. As a result, it is possible to supply around 277 million cubic feet (mt) of about 400 million cubic feet daily, of which 55 percent is coming from foreign operated fields. Otherwise, the ministry's reliable sources said that the supply could decrease further.
Experts say that gas pressure is decreasing in almost all areas of the country. So discussing the need to establish the wells in the wells (Wellbed Compressors). BAPEX is implementing an impossible plan to dig 108 new wells in the year 2016- ie, in five years, there is no possibility of significant gas from any field in the national grid in a year or two. In this situation, the government is mainly dependent on the import of energy, due to the lack of supply. But the crisis will not cease. Rather, the burden of high value will be pressed on the people's neck. The burden of huge foreign currency expenditure will be pressured by the state.
According to the sources of the finance ministry, now about two billion dollars is spent on importing fuel oil every year. Import of Liquefied Natural Gas (LNG) has also started. Government forecasts that the imported LNG will meet the partial deficit of the national grid at the beginning of the next month. In the next nine months, the supply of LPG to the national grid of 100 million cubic feet gas is also almost certain. For this, the cost of LNG at current prices will be about $ 300 million per year. Then, starting from 2020-21, huge quantity of coal will be imported for power plants.
The government is concerned about how foreign exchange will be made for importing so much energy. Occasionally meetings and meetings are being held at high level.
Drawing attention to this situation of the energy sector, Professor of Petroleum Engineering, University of Engineering, Tamim said in the first light, the situation has become increasingly complex. On the one hand, the success of the development of the country's energy resources in the initiative of the government organization is zero. On the other hand, import of high-priced fuel import. Again, this high fuel energy will be supplied by an inefficient and corrupt system. As a result, the financial condition of the country can not be frightened. The only sustainable way to overcome this situation is to increase the energy supply and lifting of the country quickly.
Special Assistant to the Chief Adviser of the former caretaker government. Tamim said that the planning of digging 108 wells of Bapex is not implementable. It does not have to dig any well for gas. Before the earthquake survey was to be done. Then the place of the well is to be determined. Without digging wells, gas can be found, nor does it. But the gas lift should be increased faster.
However, if there is no plan or initiative to increase the gas leakage of the government, then state minister for power, energy and mineral resources, Nasrul Hamid, mentioned about the plan to dig 108 wells of Bapex. But there is no place in it, where the well can be excavated by the well in the national grid. Apart from this, half the time of BAPEX's five-year plan, the well has been excavated till now. The two more are under mining. From these, the national grid gas has little to be added. However, the State Minister is also thinking about the government's inefficient energy sector and foreign exchange for import of excessive energy.
A potential area of energy conservation in the country is the sea level. Five years have passed since the settlement of maritime dispute with India and Myanmar. Until now, the energy search on the sea did not really start. About 4 trillion cubic feet of gas has been discovered in Bangladesh for adjoining Myanmar AD-7. The Korean company Daiu is raising gas from the field under the PSC. A gas block in Bangladesh adjacent to that area is the DS-12. For this development, the government has made a production partnership agreement (PSC) with Dewur. But they still did not start development work. Myanmar is busy with gas extraction
Geologists of the country believe that there is a uniform structure of gas across the AD-7 and Bangladesh's DS-12 block in Myanmar. As a result, the gas of Bangladesh is also going away in Myanmar gas production.
Professor of Geology Department of Dhaka University