Dhaka, Dec. 3 -- Chevron Bangladesh has finally moved to revive its long-delayed Jalalabad Compression Project (JBC), breaking nearly two years of uncertainty over one of the country's most-anticipated gas-sector investments.

The restart comes at a time when domestic output is declining and the government is scrambling for new supplies to ease mounting pressure on industries, power plants and consumers.

Senior officials say the US energy major has now committed to completing the work within the next two years at an estimated cost of around US$75 million.

Petrobangla, which had been urging Chevron to proceed despite earlier disputes over unpaid invoices, cleared all outstanding bills and late-payment interest ahead of the agreed deadlin...