Shale Gas Exploration in Search of an Alternative Energy Source
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VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Sunday, August 04 2013 | -------------------------------------------------
Top of Form Bottom of Form | | Shale gas exploration in search of an alternative energy sourcePublished : Sunday, 04 August 2013The geo-scientific data gathered so far during exploration of conventional oil and gas shows Bangladesh to be prospective in terms of shale gas deposits. Shale gas many be an alternative source of supply in the near future writes M S Siddiqui
Power and energy are prerequisites for higher economic growth, poverty reduction and social development. Bangladesh is facing enormous challenges to provide affordable, reliable and equitable energy supply to its citizens. A World Bank study shows that the GDP (gross domestic product) growth could be increased by 2.0 per cent with smooth supply of power and energy. The local and foreign investments are stagnated and many production facilities are unable to start production due to shortage of power. Agriculture is either short of water or becomes expensive due to irregular power supply to tube wells.
The per capita consumption of energy in Bangladesh is one of the lowest in the world. Less than half of the population has access to grid electricity. Moreover, frequent power interruptions cause substantial economic losses.
Only about 25 per cent of the population has access to electricity. Consumption of energy and electricity in per capita terms is one of the lowest in the world. The present consumption of energy and electricity in the country is about 200 kilograms of oil equivalent (KGOE)/year and 130 kilowatt (KWh hours)/year respectively, in which about 65 per cent of its per capita energy is derived from biomass resources.
About 55 per cent of the country's energy supply is based on traditional biomass fuels such as crop residues, animal dung and fuel wood, 24 per cent on natural
VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Sunday, August 04 2013 | -------------------------------------------------
Top of Form Bottom of Form | | Shale gas exploration in search of an alternative energy sourcePublished : Sunday, 04 August 2013The geo-scientific data gathered so far during exploration of conventional oil and gas shows Bangladesh to be prospective in terms of shale gas deposits. Shale gas many be an alternative source of supply in the near future writes M S Siddiqui
Power and energy are prerequisites for higher economic growth, poverty reduction and social development. Bangladesh is facing enormous challenges to provide affordable, reliable and equitable energy supply to its citizens. A World Bank study shows that the GDP (gross domestic product) growth could be increased by 2.0 per cent with smooth supply of power and energy. The local and foreign investments are stagnated and many production facilities are unable to start production due to shortage of power. Agriculture is either short of water or becomes expensive due to irregular power supply to tube wells.
The per capita consumption of energy in Bangladesh is one of the lowest in the world. Less than half of the population has access to grid electricity. Moreover, frequent power interruptions cause substantial economic losses.
Only about 25 per cent of the population has access to electricity. Consumption of energy and electricity in per capita terms is one of the lowest in the world. The present consumption of energy and electricity in the country is about 200 kilograms of oil equivalent (KGOE)/year and 130 kilowatt (KWh hours)/year respectively, in which about 65 per cent of its per capita energy is derived from biomass resources.
About 55 per cent of the country's energy supply is based on traditional biomass fuels such as crop residues, animal dung and fuel wood, 24 per cent on natural