On Thursday 21 April at her residence in Dhaka, Sheikh Hasina, Prime Minister of the People's Republic of Bangladesh, received a delegation from the company Gazprom International headed up by its Managing Director, Valery Gulev.
The head of the delegation told the Prime Minister about negotiations with the company PetroBangla and about Gazprom's International planned activities in Bangladesh. In particular, he gave a report about the drilling programme and compressor station construction on the country's territory. In addition, Mr. Gulev made reference to the creation of a single gas supply system in Bangladesh, which will give a balance to the exploration, production and consumption of gas.
For her part, Sheikh Hasina noted the importance of the gas projects for her country. She thanked Russian delegation for understanding her country's problems and asked the representatives from Gazprom International "to start work as quickly as possible".
Later that day, the Russian delegation held a consultation with PetroBangla's and BAPEX's management. It was decided at the meeting that the first joint project would be the drilling of five production wells in the Shakhbazlur, Semutang and Shundallur or Serimaiya deposits (to be more accurate, these will be identified according to tests of previously drilled exploratory wells). The company may subsequently be chosen to drill another five wells in other deposits in Bangladesh.
The second project, which will be carried out simultaneously with the first one, will be the construction of two compressor stations. In the coming months, the companies will exchange engineering data regarding the stations. It is envisaged that the contracts for the construction and drilling work will be signed in June this year.
On Thursday, the Gazprom International delegation met with Bangladesh's Minister of Foreign Affairs, Dipu Moni, and visited the University of Dhaka, which is the oldest in the region.
A working meeting of the CEO, Alexey Miller, with the Government Minister and executive chairman of the Board of Investment for the Peoples' Republic of Bangladesh, Sayed Abdus Samad, took place in April 2010.
At that time, the participants at the meeting discussed possible areas of collaboration between Gazprom and the Republic of Bangladesh.
During the negotiations, the parties discussed the creation of a joint expert working group to examine potential collaborative projects, and also the preparation of a Memorandum of Understanding between Gazprom and the Bangladesh oil-and-gas corporation, PetroBangla.
The extractive industry plays an important role in Bangladesh's economy. Annual production of natural gas amounts to around 18 billion cubic metres, which is consumed by power stations and mineral fertiliser plants. Established reserves amount to around 360 billion cubic metres. Significant deposits are located in the east of the country - in the Komulla and Silkhet districts. The corporation PetroBangla holds the state monopoly in Bangladesh's oil-and-gas sector.