Gas supply to the national grid from the Srikail–5 well has begun, with an average of around 8 million cubic feet of gas being supplied daily.
On Saturday, State Minister for Power, Energy and Mineral Resources Anindya Islam Amit inaugurated the supply of gas discovered from the Srikail–5 appraisal and development well to the national grid.
The well is estimated to hold around 40 billion cubic feet (BCF) of gas, of which 28 BCF is considered recoverable.
Over the next 10 years, the gas expected to be produced from this well is valued at approximately Tk 6,832 crore at current market prices.
The information was disclosed in a press release issued by the Ministry of Power, Energy and Mineral Resources.
Speaking at the inauguration ceremony, the state minister said that a target has been set to supply 82 million cubic feet of gas to the national grid in line with future plans.
He noted that the ongoing instability in the Middle East has put the global energy supply system under pressure. In such a situation, the addition of new gas from the country’s own gas fields to the national grid is encouraging and positive.
The state minister said the government is working to gradually shift the import-dependent energy sector towards greater reliance on domestic resources.
“We want to achieve self-sufficiency in the energy sector by utilizing the natural resources available in the country. According to our plans, we are working with the goal of meeting a significant portion of the country’s gas demand through domestic production within the next five years,” he added.
The inauguration ceremony was chaired by Petrobangla Chairman Md. Ifanul Haque. Energy and Mineral Resources Division Secretary Mohammad Saiful Islam, among others, was also present at the event.