The Press Secretary of the Chief Adviser Muhammad Shafiqul Alam said on Sunday that the interim government has planned to increase gas production by 648 million cubic feet per day by December 2025.
"We have taken steps to conduct workovers at 50 wells. Additionally, a work plan has been implemented to increase gas production by 1,500 million cubic feet daily through the drilling and/or workover of 100 wells from January 2026 to December 2028," according to a progress report on the activities of various ministries and divisions.
The Chief Adviser's press wing shared the document on the occasion of the government's three-month anniversary.
Average gas production stood at 2,643 million cubic feet per day in the 2018-19 fiscal year, decreasing to 2,423 million cubic feet per day in 2019-20 and 2,201 million cubic feet per day in 2022-23, official data showed.
Petrobangla has already cancelled the Terminal Use Agreement (TUA) and Implementation Agreement (IA) with Summit LNG Terminal II Co Ltd for constructing the third Floating Storage Regasification Unit (FSRU) in Moheshkhali, Cox's Bazar, the report noted.
The governing bodies of companies under the Ministry of Power, Energy and Mineral Resources have been reconstituted with the aim of bringing transparency and accountability to these companies, the report added.
The Bangladesh Energy Regulatory Commission Act 2003 has been amended to give the Bangladesh Energy Regulatory Commission the authority to adjust gas prices.
The prices of octane and petrol have been reduced by Tk6, while diesel and kerosene prices have been reduced by Tk1.25, aiming to keep fuel prices at an affordable level.
Outstanding dues for fuel imports have been reduced to $160 million from $478 million, according to the report.
