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This is in addition the recent $1 billion arms agreement between Dhaka and Moscow.
Current Bangladeshi prime minister, Hasina Wajed, (3rd from left) with Putin in Moscow at a signing ceremony.
$2.0b Russian loan to be sought for gas development projects
Published : Monday, 09 September 2013
M Azizur Rahman
The government will seek further assistance from Russia to develop the country's power and energy sector as a high-powered team left Dhaka Sunday for Moscow to seek technical and funding cooperation, a top official said.
"We will seek both technical and funding assistance from Russia during a scheduled meeting to be held in Moscow this week," Economic Relations Division (ERD) Secretary Abul Kalam Azaz told the FE before departure for Moscow.
He said the Bangladeshi team will discuss issues of bilateral interest with the top government officials and top officials of state-owned Gazprom during the meeting.
A senior Petrobangla official said the country is eyeing funding assistance of US$2.0 billion at less than 2.0 per cent interest rate from Russia to carry out several onshore gas sector development projects to augment the overall supply to meet the mounting natural gas demand.
The country will be seeking the Russian fund for drilling a total of 41 wells which include 13 development wells, 8 appraisal wells, 13 work-over wells and 7 exploratory wells in the Titas, Bakhrabad, Kamta, Bhola, Haripur, Koilashtila, Biani Bazar, Chittagong and Rashidpur gas fields, said the official.
The country also expects to set up 14 natural gas processing plants in these gas fields.
With the funding, Bangladesh also aims to install a total of 45 natural gas compression stations and generators, which include 33 wellhead gas compressors, 10 gas generators, and one each fractionation plant and gas compressors at the franchise area of state-owned Bangladesh Gas Fields Company Ltd (BGFCL).
The country also aims to carry out 2,570 kilometres of 2D and 3D seismic surveys in several onshore areas and install a total of 511 km natural gas pipelines to carry gas output to the user ends.
Bangladesh expects to increase natural gas output by 1,060 million cubic feet per day (mmcfd) with the implementation of the planned projects with funding assistance from the Russian government.
The delegation will also seek Russian assistance to restructure Ghorashal 210 mw power plant, he said.
The Petrobangla earlier held preliminary discussions with the Gazprom over the planned project works and funding assistance from Russia.
The Russian firm in June expressed interest to drill four new wells, in addition to its currently operational 10-well drilling programme.
It was eyeing to drill two more wells in the Shahbazpur gas field and one well each in the Haripur and Jaldi gas fields.
It was also keen to build a natural gas pipeline to carry gas from stranded Shahbazpur to mainland in Khulna, the southern region of Bangladesh where currently there is no available gas, said the official.
The Gazprom is currently carrying out a 10-well drilling programme at the cost of around $193.5 million in different state-run gas fields owned by three subsidiary gas companies of the Petrobangla.
The Gazprom got first gas in Bangladesh on May 21 when it was testing the Srikail-3 onshore well, located in Comilla some 86-km southeast from the capital.
The Gazprom received around 12 mmcfd of gas while testing. But the Srikail-3 well has the potentials to supply up to 30 mmcfd.
It completed second onshore well Titas-20 well on May 20. Production from the well is yet to start.
The Russian firm is involved in drilling onshore gas wells as a contractor.
The Gazprom is the first foreign company in operation in Bangladesh on a contract basis.
Other international oil companies active in Bangladesh operate under production sharing contracts or in joint ventures with the Bapex.
Bangladesh is currently reeling under acute gas crisis with the supply hovering around 2.31 Bcf/d against demand of over 2,700-3,000 mmcfd.
Separately, the country has moved to build a 2,000 megawatt (mw) capacity nuclear power plant at Rooppur, about 200 km (132 miles) north of Dhaka.
Bangladesh has inked a deal with Russia for getting $500 million as loan on January 15, 2013 to complete works of pre-construction phase for implementing one unit of 1,000-mw capacity, which include site development, building construction and training of human resources.
Interest rate will be Libor plus 1.0 per cent and repayment period will be total 10 years with five years of grace period.
The groundbreaking work of the country's first 1,000 mw capacity nuclear power unit is expected to start in October next.
1. Russia was a non-entity in Bangladesh for many decades, despite playing a cruical part in Bangladesh's independence i.e. the Russians sent a submarine in to the Indian ocean to scare the Americans from supporting their Pakistani allies and crushing Bengali freedom.
2. The Russian bear is now moving in to this big nation with a market of 150 million people (more than Britain and France combined).
3. The $1 billion given to Russia for arms deals including fighter planes is $1 billion not given to the Chinese.
Bangladeshi officials at a Russian gas company.
Bangladeshi prime minister, foreign minister and others discuss with Russians.
Bangladeshi-Russian agreement signing last year.
Bangladeshi engineers at a Russian nuclear plant, Russia is helping Bangladesh to build its first nuclear plant.
$1 billion arms deal between Moscow and Dhaka.
Bangladeshi prime minister and officials in Moscow.
Current Bangladeshi prime minister Hasina with Putin. Hasina only has a month or two left in power.
Current Bangladeshi prime minister, Hasina Wajed, (3rd from left) with Putin in Moscow at a signing ceremony.
$2.0b Russian loan to be sought for gas development projects
Published : Monday, 09 September 2013
M Azizur Rahman
The government will seek further assistance from Russia to develop the country's power and energy sector as a high-powered team left Dhaka Sunday for Moscow to seek technical and funding cooperation, a top official said.
"We will seek both technical and funding assistance from Russia during a scheduled meeting to be held in Moscow this week," Economic Relations Division (ERD) Secretary Abul Kalam Azaz told the FE before departure for Moscow.
He said the Bangladeshi team will discuss issues of bilateral interest with the top government officials and top officials of state-owned Gazprom during the meeting.
A senior Petrobangla official said the country is eyeing funding assistance of US$2.0 billion at less than 2.0 per cent interest rate from Russia to carry out several onshore gas sector development projects to augment the overall supply to meet the mounting natural gas demand.
The country will be seeking the Russian fund for drilling a total of 41 wells which include 13 development wells, 8 appraisal wells, 13 work-over wells and 7 exploratory wells in the Titas, Bakhrabad, Kamta, Bhola, Haripur, Koilashtila, Biani Bazar, Chittagong and Rashidpur gas fields, said the official.
The country also expects to set up 14 natural gas processing plants in these gas fields.
With the funding, Bangladesh also aims to install a total of 45 natural gas compression stations and generators, which include 33 wellhead gas compressors, 10 gas generators, and one each fractionation plant and gas compressors at the franchise area of state-owned Bangladesh Gas Fields Company Ltd (BGFCL).
The country also aims to carry out 2,570 kilometres of 2D and 3D seismic surveys in several onshore areas and install a total of 511 km natural gas pipelines to carry gas output to the user ends.
Bangladesh expects to increase natural gas output by 1,060 million cubic feet per day (mmcfd) with the implementation of the planned projects with funding assistance from the Russian government.
The delegation will also seek Russian assistance to restructure Ghorashal 210 mw power plant, he said.
The Petrobangla earlier held preliminary discussions with the Gazprom over the planned project works and funding assistance from Russia.
The Russian firm in June expressed interest to drill four new wells, in addition to its currently operational 10-well drilling programme.
It was eyeing to drill two more wells in the Shahbazpur gas field and one well each in the Haripur and Jaldi gas fields.
It was also keen to build a natural gas pipeline to carry gas from stranded Shahbazpur to mainland in Khulna, the southern region of Bangladesh where currently there is no available gas, said the official.
The Gazprom is currently carrying out a 10-well drilling programme at the cost of around $193.5 million in different state-run gas fields owned by three subsidiary gas companies of the Petrobangla.
The Gazprom got first gas in Bangladesh on May 21 when it was testing the Srikail-3 onshore well, located in Comilla some 86-km southeast from the capital.
The Gazprom received around 12 mmcfd of gas while testing. But the Srikail-3 well has the potentials to supply up to 30 mmcfd.
It completed second onshore well Titas-20 well on May 20. Production from the well is yet to start.
The Russian firm is involved in drilling onshore gas wells as a contractor.
The Gazprom is the first foreign company in operation in Bangladesh on a contract basis.
Other international oil companies active in Bangladesh operate under production sharing contracts or in joint ventures with the Bapex.
Bangladesh is currently reeling under acute gas crisis with the supply hovering around 2.31 Bcf/d against demand of over 2,700-3,000 mmcfd.
Separately, the country has moved to build a 2,000 megawatt (mw) capacity nuclear power plant at Rooppur, about 200 km (132 miles) north of Dhaka.
Bangladesh has inked a deal with Russia for getting $500 million as loan on January 15, 2013 to complete works of pre-construction phase for implementing one unit of 1,000-mw capacity, which include site development, building construction and training of human resources.
Interest rate will be Libor plus 1.0 per cent and repayment period will be total 10 years with five years of grace period.
The groundbreaking work of the country's first 1,000 mw capacity nuclear power unit is expected to start in October next.
1. Russia was a non-entity in Bangladesh for many decades, despite playing a cruical part in Bangladesh's independence i.e. the Russians sent a submarine in to the Indian ocean to scare the Americans from supporting their Pakistani allies and crushing Bengali freedom.
2. The Russian bear is now moving in to this big nation with a market of 150 million people (more than Britain and France combined).
3. The $1 billion given to Russia for arms deals including fighter planes is $1 billion not given to the Chinese.
Bangladeshi officials at a Russian gas company.
Bangladeshi prime minister, foreign minister and others discuss with Russians.
Bangladeshi-Russian agreement signing last year.
Bangladeshi engineers at a Russian nuclear plant, Russia is helping Bangladesh to build its first nuclear plant.
$1 billion arms deal between Moscow and Dhaka.
Bangladeshi prime minister and officials in Moscow.
Current Bangladeshi prime minister Hasina with Putin. Hasina only has a month or two left in power.
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