DHAKA, March 1 (Xinhua) -- Bangladesh's gas crisis may persist for next one
decade as there is no immediate option for addressing the problem -- neither
through augmenting domestic production nor through import of the fuel, private
news agency UNB reported Saturday.
The report cited experts in the hydrocarbon industry as saying that the
demand-supply gap will continuously be widening as the government failed to make
a move in proper time considering the future situation.
At present, the country produces about 1,700 million cubic feet (mmcf) of
gas per day against a demand for 1,800 mmcf. The shortage is about 100 mmcf a
day.
The demand is growing at 8-10 percent per year while the output is not
rising proportionately for constraints on the exploration side.
The government has moved for holding 3rd-round gas-block bidding, but it
takes at least 9 years to get gas from any block to be allocated through the
latest bidding.
Despite such a situation in view, the country does not have any dependable
option to rapidly increase production to cope with the demand side, the report
said.