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Gas Transmission Company Limited was established on 14 December 1993 under the Companies Act of 1993, as a public limited company with an authorized capital of Tk.100 billion of 100,00,000.00 shares of Tk.1000 each.
The northeastern Sylhet Division is the country's largest natural gas and crude oil producer, followed by Chittagong Division, Dhaka Division and Barisal Division; while dozens of offshore blocks lay in the Bay of Bengal. Natural gas from Bangladesh is renowned for being very pure with a composition of 95–99% methane and almost no sulphur. [9]
The commission was created in 2003 and is responsible for the setting of gas, petroleum oil and electricity prices in Bangladesh. As the regulator, it also arbitrates disputes in the energy industry. [2] Its approval is needed for any changes in the price of electricity, gas and petroleum oil. [3] The Energy Security Fund is under this agency. [4]
Currently there are 28 natural gas fields in Bangladesh. [1] The first gas field was discovered at Haripur, Sylhet in 1955 and the last gas field was discovered in the 2017 at Bhola. [2] Titas gas field is the largest natural gas field in Bangladesh. It was invented by the Pakistan Shell Oil Company in Brahmanbaria in the year 1962. The first ...
The Titas Gas Transmission and Distribution PLC (Bengali: তিতাস গ্যাস Titas Gas) is the natural gas distributor in Bangladesh, with an 80% market share. As of 2020, they employed 2,100 staff and served 2.8 million domestic customers, 12,000 commercial customers, and 5,300 industrial customers.
Natural gas accounts for about 70% of the country's commercial energy supply. According to a study conducted in 2003 by Hydrocarbon unit of the Energy and Mineral Resources Division and Norwegian Petroleum Directorate, the initial gas reserve of the 22 discovered gas fields of the country amounts to 28.4 trillion cubic feet (TCF) out of which 20.5 TCF is considered recoverable.
Petrobangla was founded in 1985 (Notification of Ordinance-21 in April 11 1985) by merging two government organizations Bangladesh Oil & Gas Corporation (BOGC) and Bangladesh Mineral Exploration and Development Corporation (BMEDC) into Bangladesh Oil, Gas and Mineral Corporation(BOGMC). [3]
Rupantarita Prakritik Gas Company Limited, also known as RPGCL, is a government owned company in Bangladesh. RPGCL is the forerunner in encouraging the use of Compressed Natural Gas (CNG) as an alternate fuel in the transport sector. People were encouraged to use CNG as a fuel in order to improve the environmental pollution.