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Gazprom and Petrobangla sign Memorandum of Understanding

Gazprom and Petrobangla sign Memorandum of Understanding

Dhaka, January 30 - Neftegaz.RU. A Gazprom delegation headed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, paid a working visit to the People's Republic of Bangladesh.

As part of the visit, Vitaly Markelov and Abdul Fattah, Chairman of the Board of Petrobangla, signed a 5-year Memorandum of Understanding for strategic cooperation.

In addition, Vitaly Markelov had a working meeting with Sheikh Hasina, Prime Minister of Bangladesh. The parties discussed the prospects of cooperation in the energy sector.

Gazprom's interests in Bangladesh are represented by Gazprom EP International B.V., a specialized company for implementing international projects, including those in the areas of hydrocarbon prospecting, exploration and production, as well as power generation and LNG.

The company's main partner in Bangladesh is Petrobangla, a state-owned corporation engaged in oil, gas and mineral resource-related activities.

In 2012 and 2015, Gazprom EP International and Petrobangla signed the contracts to build exploratory and development wells at a number of gas fields in Bangladesh. In 2017, a contract was signed to construct 2 prospecting and exploration wells on Bhola Island in the south of Bangladesh.

Since 2012, Gazprom EP International has designed and built 17 appraisal, exploration and development wells at 8 fields in Bangladesh. The total flow rate of these wells has reached 7 billion cu m of gas per year.