Saturday, 31 December 2011 09:45 David Bergman
The United States?multinational?energy company?ConocoPhillips?will soon start looking for gas in a deep offshore area in the Bay of Bengal.
With a short fall in the supply of gas and with declining reserves, the?Bangladeshi?government is desperate to find new supplies of gas.?It is the first time that the government has opened up its offshore territory to foreign exploration.?However, some are criticizing the government for signing this new deal with an international oil company.
David Bergman?hears?from both sides.
Bangladesh not only uses gas to fire its power stations to produce electricity; gas has also become essential for many other parts of its economy.
Ijaz Hossain, is one of the country?s leading energy experts and a director of the country?s own gas exploration company, BAPEX. Continue reading “Bangladesh opens its gas fields to US company”