Sea disputes with Myanmar were settled in 2012 and with India in 2014. Earlier, oil and gas exploration contracts were signed with several foreign companies, including the US company ConocoPhillips, but they left for various reasons. ONGC Videsh Limited, a state-owned Indian company, is now conducting investigations in two of the 26 blocks in the Bay of Bengal. Although the survey was completed, they could not dig the well on time. The term has been extended for two years.
The Energy Secretary said that the tender for PSC-2019 was being prepared in July last year. Tenders will be called if the Corona situation improves.
Petrobangla sources, meanwhile, say gas production has been declining for a year due to declining stocks. Import of liquefied natural gas (LNG) has started from August 2016. LNG imports may increase further in the future.
Geologist Badrul Imam in this regard The Prothom-aloWho said, in the name of tender, re-tender, procrastination seems intentional. Conspiracy of obstruction rather than initiative. A cycle of cash commission-trade opportunities in LNG imports is creating a reluctance to investigate. This procrastination should be investigated. And it is necessary to start the work in this dry season. It’s too late. Myanmar-India have already found gas in the investigation.