Country Report Bangladesh January 1996 Main report

Industry & Energy: A new gas reserve is found in Bhola

New gas reserves were found at Shahbazpur in the island district of Bhola in November, making it the 18th gas reserve in the country. Exploration work in the area by Bangladesh Petroleum Exploration Company (BAPEX), a subsidiary of Petrobangla, began in early 1994. The gas was struck at a depth of over 3,000 metres and the reserves are expected to be 1trn standard cu ft of natural gas. The find takes the country's natural gas reserves to 10.7trn standard cu ft.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
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