Why Bangladesh lags behind India and Myanmar in offshore oil, gas exploration
Dhaka, June 3 -- Key Takeaways
Delayed Production: Bangladesh has failed to start commercial offshore gas production despite resolving maritime disputes over a decade ago.
Weak Framework: Inadequate data, cautious bureaucracy and weak past PSC terms discouraged major international energy companies.
Regional Progress: Myanmar and India have advanced offshore production, widening Bangladesh's energy gap.
New PSC Hope: The revised PSC 2026 offers stronger incentives, but investor response remains uncertain.
LNG Risk: Experts warn exploration success is not guaranteed, and delays increase LNG import dependence.
More than a decade has passed since Bangladesh resolved maritime boundary disputes with Myanmar and India, yet repeated efforts...
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