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Energy Security for Bangladesh


Energy security is one of the challenging global issues for the 21st century. For Bangladesh, energy security is a major energy policy imperative. This paper attempts to study the Bangladesh energy resources and their projected demand to analyze the supply and security issue. The various security options are examined and their benefits assessed.

Energy is a requirement for economic and social development. It is also essential for poverty reduction, which is the overarching goal of the government. Although the energy sector holds out a promising role to play in the Bangladesh economy, the sector exists within a national context of a low level of development and weak public sector institutions. The sector operates within a setting of risks, and within a socio-economic context of poverty. Overall, Bangladesh’s energy sector remains underdeveloped, representing a major development challenge because of the importance of adequate and efficient supply of commercial energy for faster growth and poverty reduction.
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Region
Myanmar-China Gas Deal Dashes India's Hope
 

India's bid to purchase gas from Blocks A-1 and A-2 of Myanmar went in vain as they failed to reach consensus on the price of gas bringing uncertainty over implementation of a tri-nation gas pipeline project also involving Bangladesh.

Sources concerned said that Myanmar has signed an agreement with PetroChina for sale of gas from its A-1 offshore gas block, where ONGC Videsh Limited (OVL) and GAIL, two Indian companies, jointly hold a 30 percent stake.

The other joint venture partners in A-1 block are Daewoo International as the operator with 60 percent share and Korea Gas (KOGAS) with a 10 percent stakeholder.

The sources said the details of this move had been passed on to the Indian authorities by an OVL consultant in Yangon.

"We were informed that PetroChina and Myanmar's Energy Ministry have signed a memorandum of understanding (MoU) recently under which Myanmar has agreed to sell 6.5 trillion cubic feet (TCF) of gas from reserves of block A-1 through a overland pipeline to China (Kunming) for over 30 years," an Indian official was quoted as saying by Indian media.

Commercial production from this block is expected to commence from 2009.
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