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Nasrul Hamid announces Ilisha-1 as 29th gas field for the country

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In a significant development, the Ilisha-1 gas field in Bhola district has been officially declared as the 29th gas field of Bangladesh.

The State Minister for Power, Energy, and Mineral Resources, Nasrul Hamid, made the announcement during a press briefing held at his residence in Dhaka on May 22, 2023. This newly discovered gas field is anticipated to hold an estimated reserve of 200 billion cubic feet (bcf) of gas, contributing to the overall reserve of 3 trillion cubic feet (tcf) in the Bhola region.

Expressing enthusiasm over the discovery, Minister Nasrul Hamid described it as excellent news for the nation. Located approximately 182 kilometers away from the capital city Dhaka, the Ilisha-1 gas field was excavated in the Maler Hat area of the Ilisha union under Bhola Sadar upazila. The drilling process, which commenced on March 8, concluded successfully on April 24 after reaching a depth of 3,475 meters through the Drill Stem Test conducted in three levels.

Minister Nasrul Hamid disclosed that gas had been previously found in various wells within the Bhola north and Bhola south structures. As part of a strategic plan, efforts are underway to construct a pipeline that would transport gas from the Bhola area to Dhaka, addressing the persistent gas shortages faced by numerous industries. Currently, a pre-feasibility study has been conducted, with a comprehensive feasibility study in progress. The Minister estimated that it would take approximately three years to complete the pipeline project.

To initiate the gas supply, a private company has already signed a contract to transport 25 million cubic feet per day (mmcfd) of gas from Bhola using large trailers, starting with an initial volume of 5 mmcfd. Additionally, the government aims to establish a pipeline network encompassing Bhola, Barishal, and Dhaka, as well as another network connecting districts in Dhaka, Sylhet, and other regions.

The commercial value of the gas reserves in Bhola is estimated at Tk 6500 crore in the local market and Tk 26000 crore when considering the value of imported gas. Minister Nasrul Hamid highlighted that the declaration of the Ilisha-1 gas field’s discovery followed meticulous drilling operations and related activities.

Presently, Bangladesh produces around 2300 mmcfd of gas from 22 existing gas fields, while an additional 700 mmcfd is imported to meet the demand of approximately 4000 mmcfd, leaving a deficit of approximately 1000 mmcfd. Despite this, two gas fields in Bhola possess a combined production capacity of around 200 mmcf, with the actual production ranging between 80-85 mmcf. Consequently, there remains an unused surplus capacity of approximately 120 mmcf across eight wells in the Shahbazpur and Bhola gas fields.

Due to the absence of adequate pipeline and transmission facilities, the surplus gas from the Bhola field has not been able to be supplied to energy-intensive industrial zones in Dhaka and other areas. The discovery of the Ilisha-1 gas field signifies a crucial step towards addressing the energy needs of the country and bolstering its industrial sector, heralding a promising future for Bangladesh’s energy landscape.

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Settle disputes through dialogue, say ‘no’ to wars: PM Hasina at UNESCAP meet

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Prime Minister Sheikh Hasina today (25 April) called for speaking out against all forms of aggression and atrocities, and say ‘no’ to wars.

“We must speak out against all forms of aggression and atrocities, and say ‘no’ to wars,” she said adding that Bangladesh supports the UN Secretary General’s ‘New Agenda for Peace.

The prime minister was addressing the 80th Session of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) held at the ESCAP Hall (2nd floor), United Nations Conference Center (UNCC) here.

She arrived in Bangkok on Wednesday on a six-day official visit to Thailand.

The PM said the pre-condition for sustainable development is lasting peace and security.

“We must settle regional disputes and tension through dialogue. Our mutual respect for national sovereignty and territorial integrity must remain paramount,” she said.

Hasina called upon the Asia-Pacific region, especially ASEAN, to redouble their efforts to end Rohingya crisis as all efforts at regional connectivity, integration, and prosperity will continue to be marked by a missing puzzle without it.

“The origin of their crisis has been in Myanmar, and its solution also lies in Myanmar,” she declared.

“As long as that solution remains out of reach, all our efforts at regional connectivity, integration, and prosperity will continue to be marked by a missing puzzle. Let us redouble our efforts to put that puzzle back in place,” she said.

She said that in August 2017, when thousands of Rohingya men, women, and children from Myanmar fled to Bangladesh, Bangladesh offered them temporary shelter.

“With an ever growing population, this has now become one of the largest humanitarian situations in the world,” she said.

Sheikh Hasina said that In the backdrop of ongoing armed conflicts in Myanmar, the Rohingya repatriation process is also getting delayed.

“This is creating serious security risks within and beyond our territories,” she said.

She called upon the Asia-Pacific region, especially ASEAN, to play a proactive role in resolving the volatile situation in Myanmar.

“We must ensure that the Rohingya can go back home in safety and dignity at the earliest possible,” she said.

The prime minister said that the Asia-Pacific region must stand united against its common enemies of poverty and hunger.

She said Bangladesh has reduced poverty from 41.51 percent to 18.7 percent between 2006 and 2022.

It also reduced extreme poverty from 25.1 to 5.6 percent during the same period.

“We remain confident about eradicating extreme poverty by 2030,” she said.

She mentioned that Bangladesh has made notable progress on food security, with focused interventions on maternal and child nutrition.

“Our current priority is to address inequalities through income distribution, asset ownership, and social protection,” she said.

The prime minister said that Asia-Pacific region must put up a united front in tackling the climate crisis, biodiversity loss, and transboundary pollution.

“We need to push for ambitious climate financing goals beyond 2025 at COP-29. We need to cooperate on cross-border water management and air quality improvement. We must all prepare for growing extreme weather events,” she said.

In this connection, she suggested looking into Bangladesh’s experience in disaster risk reduction.

“We appreciate UN-ESCAP’s support in improving our early warning capabilities,” she added.

Briefly describing various development programmes and achievements of her govebrment, the prime minister said that much of the development gains are affected by climate impacts.

“As a low-lying delta, Bangladesh has no option but to invest heavily in climate resilience,” she said.

She mentioned that Bangladesh is already recognised as a global leader in climate adaptation.

“We are happy to share our traditional and innovative solutions with other vulnerable countries,” she said.

She said that Bangladesh has urged developed and emerging economies in the region to raise their time-bound emission reduction targets.

“For economies in transition, it is important to have a just energy transition.”

In Bangladesh, she said, “we are working on long-term energy security with a sound mix of clean and renewable energy.”

“We shall continue to do our part in pursuing a circular and low-carbon economic growth pathway.”

She underscored the need for increased and easy access to financing and technology from both the public and private sectors.

“I invite UN-ESCAP to help build the capacity of climate-vulnerable countries to mobilise adequate international climate financing.”

PM Hasina said that Bangladesh now provides critical links to the Trans-Asian Highway and Railway networks.

“Our physical and digital infrastructures are being developed to foster regional trade and connectivity.”

She said Bangladesh offers access to the Bay of Bengal for land-locked territories in its neighbourhood.

“We stand ready to work together with all regional partners through mutual understanding and cooperation,” said the prime minister.

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Bangladesh-Qatar Strengthen Ties with 10 Cooperation Deals

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Bangladesh and Qatar signed 10 cooperation documents on Tuesday, including five agreements and five MoUs, aimed at strengthening ties and elevating relations to new heights.

Prime Minister Sheikh Hasina and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani witnessed the signing of the documents.

The five agreements cover cooperation in the legal field, promotion and protection of mutual investments, avoidance of double taxation, maritime transport, and the establishment of a Joint Business Council (JBC) between FBCCI & QCCI.

The five MoUs include cooperation in sports and youth, manpower employment (Labour), diplomatic training, education, higher education, scientific research, and between Qatar Ports management Company “MAWANI QATAR” and Chittagong Ports Authority.

Earlier in the morning, PM Hasina warmly welcomed and received Emir Sheikh Tamim at her office.

They had a tête-à-tête meeting at the Prime Minister’s Office, followed by a bilateral meeting.

After signing the visitors’ book, the emir headed for Bangabhaban where the president received him.

A high-level Qatari delegation led by Qatar’s emir is on a state visit to Bangladesh at the invitation of the president and the prime minister.

During the ceremony, a road and a park in Dhaka were named after Emir of Qatar Sheikh Tamim Bin Hamad Al Thani.

The park, constructed in Kalshi area of Mirpur under Dhaka North City Corporation, and the road from Mirpur ECB point to Kalsi Fly Over were named after Emir of Qatar.

Now, the road and park are known as Sheikh Tamim Bin Hamad Al Thani Avenue and Sheikh Tamim Bin Hamad Al Thani Park.

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FBCCI Pushes for SME Participation in Global Trade Fairs

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The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) is urging for greater involvement of marginal, small, and medium enterprises in international trade fairs. This initiative aims to spotlight Bangladesh’s promising products on the global market.

FBCCI President Mahbubul Alam made the call during the first meeting of the organisation’s Standing Committee on National and International Trade Fairs and Foreign Delegations. He emphasised the need to provide marginal, small, and medium enterprises with the space and resources to effectively display their products at these events.

“The participation of marginal, small, and medium enterprises is crucial at both national and international levels,” Mahbubul Alam said. “This will allow us to export Bangladesh’s promising products and open new markets.”

The FBCCI president informed that his organisation is actively discussing and collaborating with the government to make this a reality. He also proposed organising roadshows in neighbouring countries and Europe to revive the country’s handicraft industry and increase export opportunities for these products.

Standing Committee Chairman Nuruzzaman echoed Mahbubul Alam’s sentiments, highlighting Bangladesh’s vast potential and young population. “We need to move beyond the garment sector and focus on product diversification and market creation,” Nuruzzaman said.

Achieving this, he acknowledged, will require close collaboration with the Export Promotion Bureau, Ministry of Foreign Affairs, and Bangladesh Investment Development Authority.

FBCCI Senior Vice President Md Amin Helaly pledged the organisation’s support in facilitating increased exports through participation in foreign trade fairs. He stressed, however, the importance of raising awareness among Bangladeshis about the country’s diverse and promising products.

The meeting concluded with an open discussion where participants expressed keen interest in organising and participating in various sectoral fairs, both domestically and internationally, under the FBCCI’s umbrella.

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