LNG import demand 30m tonnes by ‘41

Dhaka,  Tue,  26 September 2017
Published : 25 Aug 2017, 01:01:11

LNG import demand 30m tonnes by ‘41

FE Report

Bangladesh will need to import around 30 million tonnes of LNG (liquefied natural gas) by 2041 to meet the mounting demand, according to a final report of Bangladesh's Gas Sector Master Plan 2017.

Copenhagen-based research firm Ramboll in association with the Geological Survey of Denmark and EQMS Consulting Limited prepared the report for Bangladesh, a senior Petrobangla official told the FE on Thursday.

Natural gas production from the country's gas fields will reach its peak to around 2,700 million cubic feet per day (mmcfd) this year and then it will start to decline, the report stated.

The country's existing gas reserve of around 12 Tcf (trillion cubic feet) will run out by 2038, causing a shortfall unless new gas is discovered, said the report.

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