Track: Energy

Abstract

Natural gas is the most important indigenous source of energy that has been continuously produced and consumed in significant quantities since 19470.About 75% of the commercial energy of the country comes from the natural gas. So far 27 gas fields have been discovered of which two of the gas fields are located in offshore area. The paper shows the dependency of Bangladesh on gas alone and negligence on other resources like coal, solar, wind, biomass etc. Though Bangladesh has considerable amount of gas yet it is not enough for 50 more years at current demand and extraction rate. The analysis suggests to reduce dependency on natural gas by introducing alternative energy sources. Moreover, a comprehensive energy policy should be developed with a proper regulatory body that has oversight responsibilities. Efficient gas marketing is the key to derive numerous benefits from the gasreserves of Bangladesh. Lastly, Bangladesh government need to explore ocean area that has been acquired from India & Myanmar in 2014.