Russia has expressed its interest in investment in increasing gas supply to the national grid from abandoned and existing fields and power generation through increasing efficiency of the old plants through its state-run gas corporation Gazprom International, officials said.
On 25th February, a delegation led by Alexander A Nilolaev, Russian Federation ambassador to Bangladesh, expressed the interest during a call on with the state minister for power, energy and mineral Nasrul Hamid Bipu.
Officials said that the supply of natural gas would be increased by about 1,500 million cubic feet a day by increasing gas production from abandoned and problematic fields, importing 300 mmcfd compressed natural gas to feed Chittagong’s grid using the Sangu field’s infrastructures and by setting up a floating terminal at Moheshkhali in Chittagong to supply 500 mmcfd gas to the grid from imported liquefied natural gas.
The projects could be implemented by Gazprom using the government funding, suppliers credit, production sharing contract or any other form agreed by the government of Bangladesh and Gazprom.
Among the other areas, Gazprom expressed interest to increase efficiency of old power plants to increase the generation of electricity using same fuel by converting simple cycle power plants into combined cycle and by overhauling turbines and generators.
Gazprom is also interested in signing a memorandum of understanding with Bangladesh Petroleum Exploration Company or Bapex for capacity building of Bapex up to an international standard in the area of oil and gas exploration.