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The fast depletion of domestic natural gas reserves continues unabated amid growing demand for the fuel. To offset the widening supply deficit, imports of LNG cannot also be increased in the next 2-3 years due to the absence of required infrastructures. The contract for a third FSRU has has been canceled, and negotiation for another has been stopped. In the same way, two other initiatives for the import of RLNG have been stalled. Production from the domestic gas fields has been progressively declining since 2018.

Exploration and development expedited marginally, but the success came mostly from Bhola island isolated from the national gas grid.

Consequently, maintaining gas production from the gas fields at or above 2,000 MMCFD is now a major challenge. According to Petrobangla figures, production in 24 hours from 2728 January 2025 was 1,905 MMCFD.

Adding 813.3 MMCFD imported LNG the total supply available in the national gas grid was 2736.3 MMCFD. The gas deficit during the 24 hours was more than 1,200 MMCFD. Given expediting the exploration through the 50 and 100 wells drilling program on a priority basis, a 15-member committee was formed, headed by former secretary and former chairman of Petrobangla and incumbent chairman of BAPEX board Ishtiaque Ahmad. Dr. Muhammad Fouzul Kabir Khan said at a recent FBBCI seminar on energy security that local gas production is decreasing at a rate of 200 MMCFD every year. Hence maintaining gas production at the existing level by adding new resources through exploration and development would be a major challenge for Petrobangla and the Energy and Mineral Resources Division (EMRD).