Government Spending Seeks To Plug Energy Shortages

摘要

Bangladesh's decision to dedicate more government spending on developing the oil and gas (O&G) industry is a positive move. According to Platts, the tentative FY2014/2015 budget will see a 16.4% year-on-year (y-o-y) growth in O&G expenditure to BDT22.23bn (USD285mn). Major projects that spending will support include: Drilling of 13 natural gas development wells; New gas pipelines linking gas fields in north east Bangladesh to Dhaka, Chittagong and to the south west regions; Increase gas fractionation to raise gasoil and gasoline production from condensates; Construction of 13 new oil storage tanks with combined capacity of 65,500mn tonnes; Completion of a 5mn tonnes per annum (tpa) floating LNG storage and regasification unit (FSRU), to be located at Moheshkali Island, by 2015.