Chevron reaffirms commitment to Bangladesh's energy sector
Keen to explore onshore gas blocks in Surma basin
Chevron's newly appointed President of Base Assets and Emerging Countries, Javier La Rosa, has reaffirmed the company's long-standing partnership with Bangladesh during high-level meetings with key government officials, including Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan.
During the meeting with Adviser Fouzul today (1 July), La Rosa expressed Chevron's intent to deepen its partnership with Bangladesh, including plans to explore new onshore gas blocks and initiate a gas compression project at the Jalalabad field.
"I am pleased to be here in Bangladesh engaging with our valued Government of Bangladesh stakeholders on day one of my new role," La Rosa was quoted as saying by Chevron Bangladesh's Media and Communications Manager Shaikh Jahidur Rahman.
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La Rosa was accompanied by Eric M Walker, managing director and president of Chevron Bangladesh.
The delegation also held meetings with Energy Division Secretary Mohammad Saiful Islam, Petrobangla Chairman Md Rezanur Rahman, Bida Executive Chairman Ashik Chowdhury, and Chief Adviser's Special Envoy for International Affairs Lutfey Siddiqi.
Adviser Fouzul Khan confirmed that Chevron had shown keen interest in exploring gas in onshore hydrocarbon Blocks 11 and 12 in the Surma Basin of northeastern Bangladesh.
"Chevron also promised to start a gas compression project at the Jalalabad gas field," he said.
Chevron earlier decided to resume the long-delayed Jalalabad Compression Project in Sylhet after Petrobangla cleared $237.55 million in outstanding payments in April.
La Rosa noted that Chevron was encouraged by the interim government's proactive approach to resolving current energy challenges.
"This sends a positive signal to existing and potential investors. Together, we can leverage our enduring partnership to work through any challenges and unlock new opportunities for Bangladesh's energy sector," he said.
Chevron has operated in Bangladesh for 30 years and remains the country's largest foreign investor.
The company currently produces around 60% of Bangladesh's domestic natural gas supply and over 80% of its condensate.
It has invested more than \$4.2 billion in the country's energy infrastructure to date.
