“The more we will delay in gas exploration at the off-shore, the more we will loose and crisis will increase further as well - Shubid Ali Bhuiyan

A parliamentary committee yesterday recommended that the government finalise the production sharing contact (PSC) with two foreign companies on gas exploration bids for three offshore blocks soon as it feared further delay might hamper the country's interests.

In defence of the recommendation, the parliamentary standing committee on power, energy and mineral resources ministry observed that crisis might occur due to delay in starting the exploration.

“India and Myanmar have already started gas exploration in their offshore blocks, and if we delay, they might capture our gas resources using sophisticated technologies,” Maj Gen (retd) Shubid Ali Bhuiyan, chairman of the committee, told reporters after the meeting at the Jatiya Sangsad Bhaban.

“The more we will delay in gas exploration at the off-shore, the more we will loose and crisis will increase further as well,” he said.

Shubid Ali, also a ruling Awami League lawmaker, said many wars and conflicts are seen over oil and gas issues in the past and it may happen again in future.

Read full story here.