Petrobangla in last two years failed to explore and develop any new gas field, according to the editorial of the news bulletin of International Chamber of Commerce-Bangladesh released on Monday.
It mentioned that continued failure of GTCL in implementing gas transmission infrastructure would prolong gas crisis. Therefore, expeditious implementation of high pressure gas pipeline compressor project and other gas infrastructure of GTCL are urgently needed, it said.
If Bangladesh desires to become a middle income country, it must aim for a GDP growth of 8 per cent or more and that is possible only if there is assured energy supply and related physical infrastructure, the ICCB bulletin said.
According to projections, growth during the current fiscal is expected to be 5.0 to 6.7 per cent. However, it was earlier projected that with adequate energy supply and certain physical infrastructure in place, Bangladesh could attain double digit growth; over a shorter period, it said.
By all indications, the country weathered the global crisis largely unscathed and is ready for a robust expansion of output and investment; as one of the emerging market economies, it said.
Source: New Age
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