Bangladesh Unveils Ambitious Plan for Gas Supply and Renewable Energy

Prime Minister Tarique Rahman outlined his government's plan to ensure gas supply to industries during a session of parliament. The ambitious plan includes establishing a new deep-sea LNG terminal and drilling 150 new gas wells by the fiscal year 2030-31.

The Prime Minister said that to prevent industrial gas shortages, the government has planned to drill 150 wells by the 2030-31 target. Additionally, 4,500 line-kilometers of 2D seismic surveys and 4,200 square kilometers of 3D seismic surveys are being conducted to explore domestic gas sources.

The government also plans to supply gas from Bhola to the mainland in LNG form for interested industries, prioritizing planned industrial zones such as economic zones, EPZs, and BSCIC industrial estates. New facilities are under construction: a floating LNG terminal at Kutubjom in Maheshkhali and a land-based LNG terminal at Matarbari.

The Prime Minister also discussed the government's vision on renewable energy, stating that initiatives have been taken to reduce dependence on imported fuels to meet the country's growing power demand. Environment-friendly and sustainable renewable energy has been identified as the government's highest-priority sector.