US companies encouraged for oil, gas exploration in Bangladesh's offshore

[Black_cats]

US companies encouraged for oil, gas exploration in Bangladesh's offshore​

Dhaka August 19, 05:34 PM UNB NEWS - UNB NEWS

Bangladesh seeks more US investment through DFC financing​

Prime Minister’s Power, Energy and Mineral Resources Affairs Adviser Dr Tawfiq-e-Elahi Chowdhury, has encouraged the US companies for oil and gas exploration in Bangladesh's offshore areas and to look at the prospects of nuclear power modular reactors in Bangladesh.

He also urged the US government to invest more through its International Development Finance Corporation (DFC) in Bangladesh's renewable energy sector.

The adviser made the request to US Under Secretary of State for Economic Growth, Energy, and Environment Jose W. Fernandez at a meeting held at the US Department of State in Washington DC on Thursday.

Dr Chowdhury and Under Secretary Fernandez discussed the existing bilateral energy cooperation and explored possible ways to strengthen it further.

The Energy Adviser briefed the Under Secretary on the policies adopted by the government of Prime Minister Sheikh Hasina to make Bangladesh self-reliant in power and energy, said the Embassy in a media release on Friday.

He also highlighted how the Bangladesh government was diversifying its power generation using energy from various sources like gas, oil and coal, nuclear as well as renewables.

Mentioning that the current global energy shortages caused by the Ukraine war had placed many countries including Bangladesh at risk in sustaining their energy securities, the Adviser sought the US attention to play its role to improve the situations.

Dr Chowdhury emphasized that the US should come forward with more investment in countries like Bangladesh through DFC financing.

The US Under Secretary appreciated Bangladesh's impressive socio-economic growth and achievements in poverty reduction.

Acknowledging that the Ukraine war was affecting countries of the world, the US did not impose sanctions on essential commodities like food, energy or fertilizers, Fernandez told the Adviser.

The US Under Secretary encouraged Bangladesh to work more closely with the US to further improve labor rights and factory safety conditions to open up new opportunities and areas of cooperation.

He termed clean energy as a potential sector and opined that Bangladesh could explore such possibilities.

Under Secretary Fernandez also urged Bangladesh to join the Global Methane Pledge launched at COP26 in November last year.

Dr Chowdhury and Under Secretary Fernandez agreed that Bangladesh-US relation was widening and deepening and the two governments should remain engaged to advance their common interests.

Meanwhile, the Adviser joined a high-level roundtable with senior energy industry leaders from the United States in the afternoon.

The U.S-Bangladesh Business Council hosted the event under the theme of the “Current State of Play: US-Bangladesh Energy Cooperation”
The Council’s US-Bangladesh Energy Taskforce, launched by Prime Minister Sheikh Hasina in September 2021, shared an update with Dr Chowdhury regarding recommendations from the business community on the expansion of LNG import capacity, the country’s ambitious green energy transition, and domestic energy exploration.

Dr Chowdhury noted the critical steps and austerity measures Bangladesh is taking to manage the current energy crisis, and to put in place sustainable short-to-long term solutions to meet the energy demands of a fast-growing economy like Bangladesh.

Additionally, there was a discussion around studies being done around storage solutions, wind and solar energy, including floating solar that can be incorporated in the energy mix.

Overall, the discussion explored how the US energy industry can participate in supporting Bangladesh’s economic growth with a particular focus on an all-of-the-above approach for energy transition.

US companies encouraged for oil, gas exploration in Bangladesh's offshore

Prime Minister’s Power, Energy and Mineral Resources Affairs A...

unb.com.bd

 

[fallstuff]

No Oil Company will agree to explore unless they get to export their cut of the deal.

It's time to be realistic.

 

[dbc]

I have an friend from my university days who works for an American multinational with large scale operations in Bangladesh. she said something about a terrorist attack due to which her expat population are not allowed to take their families with them to Bangladesh. They are also prohibited from going anywhere without a security escort. I don't recall reading about any attacks in Bangladesh so I was kinda surprised. Another friend a Norwegian family I know that relocated from Bangladesh in 2020 had wonderful things to say about the country. So I'm not sure if my friend is mistaken, are there any unreported safety / security issues in Bangladesh?

 

[PadmaBridge]

I have an friend from my university days who works for an American multinational with large scale operations in Bangladesh. she said something about a terrorist attack due to which her expat population are not allowed to take their families with them to Bangladesh. They are also prohibited from going anywhere without a security escort. I don't recall reading about any attacks in Bangladesh so I was kinda surprised. Another friend a Norwegian family I know that relocated from Bangladesh in 2020 had wonderful things to say about the country. So I'm not sure if my friend is mistaken, are there any unreported safety / security issues in Bangladesh?

There are fewer terrorist attacks and mass gun violence in BD THAN USA.

However, BD definitely has more robberies, thefts, extortions and kidnappings.

Punishment for hurting white people is extremely severe in BD - punishment will be swift.

 

[bluesky]

Prime Minister’s Power, Energy and Mineral Resources Affairs Adviser Dr Tawfiq-e-Elahi Chowdhury, has encouraged the US companies for oil and gas exploration in Bangladesh's offshore areas and to look at the prospects of nuclear power modular reactors in Bangladesh.

চোর পালালে বুদ্ধি বাড়ে।

It is already too late. BAL govt was/ is not sincere to explore its own gas and oil because its leaders would then be unable to steal commission money from the importers.

After all, commission business is very sweet. No wonder, the Taka is down now because these leaders are buying dollars with their commission money.

Hasina Bibi, never think people already are not aware that you are a two-headed viper.

 

[Wergeland]

I have an friend from my university days who works for an American multinational with large scale operations in Bangladesh. she said something about a terrorist attack due to which her expat population are not allowed to take their families with them to Bangladesh. They are also prohibited from going anywhere without a security escort. I don't recall reading about any attacks in Bangladesh so I was kinda surprised. Another friend a Norwegian family I know that relocated from Bangladesh in 2020 had wonderful things to say about the country. So I'm not sure if my friend is mistaken, are there any unreported safety / security issues in Bangladesh?

Your friend is either exaggerating or mixing up BD with a third country.

There have been 1 or 2 terrorist attacks in BD in the past 20 years. While petty crimes are common, it rarely afftects foreigners, if at all.

Murders almost always is related to political causes or personal vendettas. Murder coz of robbery in not uncommon either, but compared to a population of 170 million and worlds largest population density, its not that high.

Traffic related death otoh is extraordinary high. Its more far likely to die in a traffic accident in BD, than become a victim of violence.

 

[dbc]

Your friend is either exaggerating or mixing up BD with a third country.

There have been 1 or 2 terrorist attacks in BD in the past 20 years. While petty crimes are common, it rarely afftects foreigners, if at all.

Murders almost always is related to political causes or personal vendettas. Murder coz of robbery in not uncommon either, but compared to a population of 170 million and worlds largest population density, its not that high.

Traffic related death otoh is extraordinary high. Its more far likely to die in a traffic accident in BD, than become a victim of violence.

thanks, she may have confused Bangladesh for some other country.

 

[LakeHawk180]

I have an friend from my university days who works for an American multinational with large scale operations in Bangladesh. she said something about a terrorist attack due to which her expat population are not allowed to take their families with them to Bangladesh. They are also prohibited from going anywhere without a security escort. I don't recall reading about any attacks in Bangladesh so I was kinda surprised. Another friend a Norwegian family I know that relocated from Bangladesh in 2020 had wonderful things to say about the country. So I'm not sure if my friend is mistaken, are there any unreported safety / security issues in Bangladesh?

Really depends on what you’re doing in Bangladesh. If you’re on a long mission from certain multilateral agencies, typically relocation advisories are useful. In your friends case, I think it’s just part of their corporate Risk management policy. In case of Bangladesh, I say take all precautions you would take while planning to relocate to an unfamiliar country. Most people are poorer than you, so it won’t be a bad idea to invest in good bolts and security systems.

 

[itsanufy]

I have an friend from my university days who works for an American multinational with large scale operations in Bangladesh. she said something about a terrorist attack due to which her expat population are not allowed to take their families with them to Bangladesh. They are also prohibited from going anywhere without a security escort. I don't recall reading about any attacks in Bangladesh so I was kinda surprised. Another friend a Norwegian family I know that relocated from Bangladesh in 2020 had wonderful things to say about the country. So I'm not sure if my friend is mistaken, are there any unreported safety / security issues in Bangladesh?

Non BD workers of MNC's are provided with an armed guard, mainly to prevent any kidnapping cases. Its a norm.
As such Dakha is quite safe, safer than Paris.

 

[bluesky]

Why the self-centered people are talking about security issues when the thread is all about oil/ gas exploration in BD?

 

[itsanufy]

Why the self-centered people are talking about security issues when the thread is all about oil/ gas exploration in BD?

2018 ONGC has started commercially exploring oil from Ashoknagar n 24 PGS, some 48 km from Kolkata. More work is going on, it seems Ganga delta is floating on oil.
My concern is on the ecology which is going to be disturbed with this work.

 

[bluesky]

2018 ONGC has started commercially exploring oil from Ashoknagar n 24 PGS, some 48 km from Kolkata. More work is going on, it seems Ganga delta is floating on oil.
My concern is on the ecology which is going to be disturbed with this work.

An American report says BD underground structures possess 32 trillion cft of natural gas.