Bangladesh is going through the worst gas supply shortfall in recent history

At least $4.45 billion is needed in fuel costs to ensure adequate power supply from February to June, when demand is set to increase by more than 50 percent, the Bangladesh Power Development Board (PDB) estimates.

Explorers have struck gas about 32km north of the Shahbazpur Gas Field in Bhola, a southern coastal district. A total of 600 billion cubic feet of gas has been found in Bheduria union, Cabinet Secretary Mohammad Shafiul Alam disclosed to reporters at the Secretariat yesterday.

The gas field in Bhola has the potential to become the largest reserve of natural gas in the country, surpassing Titas in Brahmanbaria, geologists told The Daily Star yesterday.

Bapex has found a large gas reserve at Shahbazpur of Bhola.

The Italian energy company Eni SpA announces it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea.