Dhaka, Oct. 21 -- Once capable of meeting nearly 70 percent of national energy demand from domestic gas fields, Bangladesh now faces a starkly different reality as production continues to decline and exploration nearly halting.
According to a recent report by the Bangladesh Petroleum Exploration and Production Company (BAPEX), more than 20 trillion cubic feet (TCF) of gas-out of the country's total proven reserves of about 28-29 TCF-have already been extracted.
Current estimates suggest that only 8.66 TCF remain recoverable, meaning almost two-thirds of Bangladesh's natural gas reserves are already depleted.
If present consumption trends persist, experts warn that domestic reserves could be nearly exhausted within the next 8-10 years unl...