The Titas Gas Transmission and Distribution Company (Bengali: তিতাস গ্যাস Titas Gas) is the largest natural gas distributor in Bangladesh, with an 80% market share. As of 2005, they employed 2,678 staff (1,975 regular employees and 700 officials) and served 987,507 domestic customers, 7,947 commercial customers, and 3,046 industrial customers. However, due to massive internal corruption, their market share has not translated into high revenues; their 2007 net profit was a mere US$37 million on sales of US$557 million. Bangladesh's anti-corruption office claims that several of their employees have become multi-millionaires by giving discounts on gas to large industrial customers, and pocketing kickbacks in returns.
Location of the field
The Gas field is located some 100 km away to the direction of northern-east from capital city of Bangladesh, Dhaka. It lies at the outskirts of Brahmanbaria town. This field was discovered by Pakistan Shell Oil Company in 1962. The structure is an elongate north-south asymmetrical anticline measuring about 19x10 square km with a vertical closure of 500 m. As per latest official re-estimation, total recoverable gas reserve of Titas gas field is 4,740 billion cubic feet (134 km3). Commercial gas production from this field was commenced in 1968 and till August 31, 2006 total 2,581.162 billion cubic feet (7.30904×1010 m3) gas has been produced. The wells are spread (surface location) at 6 (six) different locations stretched over about 8 km distance. At present maximum 475 million cubic feet (13,500,000 m3) of gas is produced daily from 16 wells of this field and processing through 5 nos. glycol dehydration and 6 nos. Low Temperature Separation (LTS) type process plants and supplied to the transmission pipelines of Titas Gas Transmission & Distribution Co. Ltd. (TGTDCL) and Gas Transmission Company Ltd. (GTCL). Condensate produced (540 bbl per day on an average) with gas as by-product is fractionated into MS (Petrol) and HSD(Diesel) through two fractionation plants.
- Mohiuddin, Sheikh (2005-01-14). "Frustration in Titas Gas: No promotion, posting, recruitment". Ittefaq. Retrieved 2008-02-06.[dead link]
- Booth, Jenny (2008-02-05). "The multimillionaire gas workers of Bangladesh". The Times (London). Retrieved 2008-02-06.
|This Bangladesh-related article is a stub. You can help Wikipedia by expanding it.|
|This article about a company or corporation involved in the energy industry is a stub. You can help Wikipedia by expanding it.|